US Fed has lowered the federal funds rate by 0.5 percentage points to 4.75-5 per cent, citing progress on inflation, though it remains above the 2 per cent target.
The FOMC noted steady economic growth, slower job gains, and a slight rise in unemployment, while expressing confidence that inflation is moving towards its goal.
The Fed remains cautious about the economic outlook.
The FOMC noted steady economic growth, slower job gains, and a slight rise in unemployment, while expressing confidence that inflation is moving towards its goal.
The Fed remains cautious about the economic outlook.
