The Federal Reserve cut interest rates by a quarter percentage point yesterday in a 9-3 vote. The Fed made its decision in an effort to support the weakening job market. Stubborn inflation and delayed economic data complicated the decision-making process. Fed policymakers say in updated forecasts that they expect to cut interest rates just once more in 2026. Inflation has come down significantly, but it still remains above the Fed’s 2% target, tariffs have pushed up the price of imported goods. Although Fed officials don’t believe tariffs will have a long-lasting effect on inflation https://buff.ly/52KIOkl
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