• 2 days ago
Federal Reserve officials expressed confidence in easing inflation and a strong labor market, supporting gradual interest rate cuts. The Federal Open Market Committee unanimously lowered the benchmark rate by 25 basis points. Policymakers noted that inflation, though above the 2% goal, is trending lower, and shelter cost pressures are expected to ease. Members highlighted uncertainties over the neutral interest rate and the potential economic impact of President-elect Donald Trump’s fiscal policies, including tariffs and deregulation.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Federal Reserve officials expressed confidence in easing inflation and a strong labor market
00:07supporting gradual interest rate cuts. The Federal Open Market Committee
00:11unanimously lowered the benchmark rate by 25 basis points. Policymakers noted that inflation,
00:17though above the 2% goal, is trending lower, and shelter cost pressures are expected to ease.
00:22Members highlighted uncertainties over the neutral interest rate and the potential economic impact
00:27of President-elect Donald Trump's fiscal policies, including tariffs and deregulation.

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