#fomcmeeting
Big move from the Federal Reserve’s Federal Open Market Committee today — the target range for the federal funds rate was cut by 25 basis points to 3.75 %-4.00 % as the Fed points to moderate expansion, slowing job gains and inflation that’s still “somewhat elevated.” The message? The path ahead is data-dependent and the Fed remains vigilant. #FOMC #InterestRates #FedUpdate #MonetaryPolicy #MarketsReact #globaleconomy
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