• Federal Reserve Rate Cut, First Since 2020

  • Sep 18 2024
  • Length: 2 mins
  • Podcast

Federal Reserve Rate Cut, First Since 2020

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  • Summary

  • Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee's 2 percent objective but remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee...

    For the written story, read here >> https://www.signalsaz.com/articles/federal-reserve-rate-cut-first-since-2020/

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Economics Politics & Government
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