US FOMC holds rates steady at 5.25% to 5.5%, signal 1st cut is nearer

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US FOMC holds rates steady at 5.25% to 5.5%, signal 1st cut is nearer - Business Standard

Quick Summary:

Officials also tempered their assessment of the labor market, noting job gains had moderated and the unemployment rate has moved up, but is still low.

They now see the risks to achieving those two goals as being more balanced.“Elevated inflation is not the only risk we face,” Powell said earlier this month.

Such trends have caused some Fed policymakers to warn that any further slowing in the labor market could lead to higher unemployment, an outcome the central bank aims to avoid.