Fed continues to ease policy with 25 bps rate cut

Quick Summary:

The Federal Reserve lowered interest rates by 0.25%, acknowledging a cooling job market and progress in inflation moving towards its 2% goal.

Despite the positive economic activity, the Fed recognized easing labor market conditions while maintaining that risks to jobs and inflation remain balanced.

The Fed statement will be interpreted in light of Republican President-elect Donald Trump's return to power in Jan.

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Article Details

Author / Journalist: Reuters

Category: EconomyBusiness

Markets: IndiaBarbadosDominicaGuyana

Topics: Economic expansion Inflation target Federal Reserve rate cut Interest rate decision Jerome Powell Interest rates Job market conditions

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 06:37:14 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23465691

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 18 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 4 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #28

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