(Finance) – The Federal Reserve it cut interest rates by a quarter of a point, bringing them into the range between 4.50% and 4.75%. This is a move expected by the market which follows the 50 point cut decided at the September meeting.
“The economic prospects are uncertain” and the directorate that establishes the monetary line remains attentive to the risks on both the inflationary and employment fronts, we read in the statement released by the central bank, which underlines that the decision was taken unanimously.
Since the beginning of the year, “the conditions of job market have eased, with the unemployment rate rising, but remaining low, we read again. Inflation has made progress towards the 2% target but remains high.”
Now the attention shifts to the explanatory press conference that the president of the monetary institution will hold, Jerome Powell.