The US Federal Reserve (Fed) has reduced the interest rates by 50 basis points (bps), setting it between 4.75% and 5%.
It points to the Fed’s response to signs of progress in reducing inflation, although the rate remains slightly above its long-term target of 2%.
In its latest statement, the Federal Open Market Committee (FOMC) said the US economy continues to grow at a steady pace.
“We made a good strong start and I am very pleased that we did,” Jerome Powell, Fed Chair said at a press
“The logic of this both from an economic standpoint and from a risk management standpoint was clear.”
However, job gains have slowed, and the unemployment rate has risen slightly, though it remains low by historical standards.
Also Read: Fed Reserves cut rates to a record low of 0.25 p.c
The Committee expressed increasing confidence that inflation is gradually moving toward its 2% target, while acknowledging that it is still somewhat elevated.
This rate cut implies the Fed’s ongoing effort to balance its dual mandate of promoting maximum employment and ensuring price stability.
While inflation appears to be moderating, the overall US economic outlook remains uncertain. The FOMC indicated that it will continue to monitor incoming economic data to determine whether further adjustments to interest rates are necessary.
The Fed also reiterated its commitment to reducing its balance sheet by trimming holdings of Treasury securities, agency debt, and mortgage-backed securities as part of its broader monetary policy framework.
Some truly nice and utilitarian information on this website , also I conceive the style holds great features.
Your house is valueble for me. Thanks!…
Hi my friend! I wish to say that this post is awesome, nice written and come with approximately all significant infos. I would like to peer more posts like this.
Nice read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch since I found it for him smile So let me rephrase that: Thank you for lunch! “Too much sanity may be madness. And maddest of all, to see life as it is and not as it should be” by Miguel de Cervantes.
I haven’t checked in here for some time as I thought it was getting boring, but the last several posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂
Outstanding post, I think website owners should learn a lot from this blog its very user friendly.
My partner and I stumbled over here from a different page and thought I should check things out. I like what I see so now i’m following you. Look forward to going over your web page repeatedly.
hey there and thank you for your information – I have certainly picked up anything new from right here. I did however expertise a few technical issues using this website, as I experienced to reload the web site a lot of times previous to I could get it to load correctly. I had been wondering if your hosting is OK? Not that I am complaining, but sluggish loading instances times will very frequently affect your placement in google and could damage your high quality score if ads and marketing with Adwords. Anyway I am adding this RSS to my e-mail and can look out for a lot more of your respective intriguing content. Ensure that you update this again soon..
After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.
A person essentially help to make seriously posts I would state. This is the very first time I frequented your web page and thus far? I amazed with the research you made to make this particular publish incredible. Fantastic job!