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Fed Cuts Rates by 25bps, Maintains Ambiguous Outlook
Summary: The Federal Reserve on Wednesday announced a 25 basis point interest rate cut, bringing the target range for the federal funds rate to 4.50% to 4.75%. The decision was unanimous. While the move was widely expected, the Fed's policy statement offered little clarity on future rate cuts. The central bank removed language suggesting that inflation ...
The Federal Reserve on Wednesday announced a 25 basis point interest rate cut, bringing the target range for the federal funds rate to 4.50% to 4.75%. The decision was unanimous.
While the move was widely expected, the Fed's policy statement offered little clarity on future rate cuts.
The central bank removed language suggesting that inflation was moving back toward its 2% target, but it also refrained from providing explicit guidance on the future path of monetary policy.
The Fed's decision comes amid growing concerns about a potential economic slowdown. However, the central bank's cautious approach suggests that it is still grappling with the complexities of balancing inflation and growth.
Tags: Fed,inflation,Rate
Link: Fed Cuts Rates by 25bps, Maintains Ambiguous Outlook [Copy]
