đ¨The US Federal Reserve (Fed) lowered the interest rate by 50 basis points.
đ¨The US Federal Reserve (Fed) lowered the interest rate by 50 basis points.
đŁď¸Fed:
â˘The Fed's decision to cut interest rates was made with 11 votes to 1.
â˘Some progress has been made toward the 2% inflation target, but it is still somewhat high.
â˘The FOMC has gained great confidence that inflation is progressing sustainably toward the 2% target.
