Fed continues to ease policy with 25 bps rate cut

The Federal Reserve lowered interest rates by 0.25%, acknowledging a cooling job market and progress in inflation moving towards its 2% goal. Despite the positive economic activity, the Fed recognized easing labor market conditions while maintaining that risks to jobs and inflation remain balanced.

Nov 8, 2024 - 04:30

Fed continues to ease policy with 25 bps rate cut

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The Federal Reserve lowered interest rates by 0.25%, acknowledging a cooling job market and progress in inflation moving towards its 2% goal. Despite the positive economic activity, the Fed recognized easing labor market conditions while maintaining that risks to jobs and inflation remain balanced.