fomc-meeting:-jerome-powell-led-us-fed-cuts-rate-by-25-basis-points;-notes-moderation-in-economic-growth,-job-gains

123952498The US Federal Reserve, led by Jerome Powell, has announced a 25 basis points rate cut, setting the federal funds rate to a range of 4 to 4-1/4 percent. This decision comes amidst concerns about moderating economic growth, slowing job gains, and persistent inflation slightly above the 2% target.