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  • Federal Reserve Cuts Key Overnight Interest Rate By A Quarter Percentage Point To 4.50-4.75%, Says Outlook Uncertain, Attentive To Risks On Both Sides Of Dual Mandate; Committee Judges Risks To Employment And Inflation Goals Are 'Roughly In Balance';...

Federal Reserve Cuts Key Overnight Interest Rate By A Quarter Percentage Point To 4.50-4.75%, Says Outlook Uncertain, Attentive To Risks On Both Sides Of Dual Mandate; Committee Judges Risks To Employment And Inflation Goals Are 'Roughly In Balance';...

Benzinga ·  03:01

Federal Reserve Cuts Key Overnight Interest Rate By A Quarter Percentage Point To 4.50-4.75%, Says Outlook Uncertain, Attentive To Risks On Both Sides Of Dual Mandate; Committee Judges Risks To Employment And Inflation Goals Are 'Roughly In Balance'; Statement Omits Reference To Having Gained Greater Confidence In Inflation Moving Sustainably Toward 2% Target; Inflation Has 'Made Progress' Toward 2%, But Remains Somewhat Elevated

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