Fed Cuts Rates by 0.25 Point and Opens Door to More Easing
The Federal Reserve has lowered its benchmark interest rate by 0.25 percentage point and indicated it is ready to reduce rates further if economic conditions deteriorate, while inflation remains above its 2% target. The move marks another step away from the aggressive tightening of recent years and toward a more balanced stance between inflation risks and a cooling labor market.
The Key Decision
The Federal Open Market...
