US Fed cuts rates by 25 bps amid rising unemployment
after close1 source ↓written by the desknot a recommendation
- target range
- 3.5% to 3.75%
The US Federal Reserve has reduced the federal funds rate by 25 bps to a target range of 3.5% to 3.75%. This decision reflects concerns over rising unemployment and a moderate economic expansion. The Fed noted that job gains have slowed, with unemployment edging up through September, contributing to heightened economic uncertainty.
Not investment advice. For informational purposes only.