US Federal Reserve has lowered the federal funds rate by 0.25 percentage points to 4.5–4.75 per cent, aiming to balance maximum employment and 2 per cent inflation.
Despite economic growth and a resilient labour market, inflation remains above target.
Chair Jerome Powell affirmed vigilance on inflation risks.
The Fed will continue reducing its treasury and mortgage-backed securities holdings.
Despite economic growth and a resilient labour market, inflation remains above target.
Chair Jerome Powell affirmed vigilance on inflation risks.
The Fed will continue reducing its treasury and mortgage-backed securities holdings.