FILE - Federal Reserve Board Chair Jerome Powell appears before the House Financial Services Committee on Capitol Hill, March 6, 2024, in Washington.
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Thursday. Policymakers took note of a job market that has "generally eased," while inflation continues to move toward the central bank's two per cent target.·Federal Reserve chair Jerome Powell appears before the House Financial Services Committee on Capitol Hill on March 6. The U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Thursday.
Even while the unemployment rate remains low, "labour market conditions have generally eased," the statement said. The personal consumption expenditures price index excluding food and energy items, a key gauge of inflation, has changed little in the last three months, running at a roughly 2.6 per cent annual rate as of September.Trump promises could impact economic landscape
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