Analyst Pin-board: FED lowers benchmark rate by 25 bps to 2.00-2.25%
The take-away from Wednesday’s decision : expected. The FOMC cited « implications of global developments for the economic outlook as well as muted inflation pressures ». The committee called the current state of growth as « moderate » and the labor market « strong ». The FED said it remains open to further rate cuts if conditions necessitate it.
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