Reported 3 days ago
The Federal Reserve announced a 25 basis point cut to interest rates, lowering them to a range of 4.25%-4.5% and indicated it plans to reduce rates two more times in 2025. Updated economic projections suggest a slower rate of cuts while still aiming to maintain price stability and maximum employment, despite persistent inflation concerns. The job market continues to be a focus, with a slight expected rise in unemployment to 4.3% in 2025.
Source: YAHOO