Federal Reserve cuts rates by 50bps, focusing on employment amid global economic slowdown

From Investing.com: 2024-09-27 05:18:00

Overall, the Federal Reserve made a 50 basis-point cut in rates, indicating a commitment to full employment. Inflation slowed to 2.5% in August, giving the Fed room to focus on the labor market. Fed members anticipate additional rate cuts in upcoming meetings if job market conditions worsen. Online retail purchases boosted August sales, but overall retail sales were mixed. Globally, central banks are loosening monetary policy to combat sluggish economic activity. Investors should anticipate higher volatility in both bonds and equities in the coming months.



Read more at Investing.com: Does the Economic Data Support More 50bps Cuts?