🇺🇸 Federal Reserve cuts interest rates by 25bps. The Fed lowered the interest rate by 25 basis points, bringing it to the 350-375 basis point range.

🇺🇸 Fed policymakers forecast PCE inflation at 2.4% for the end of 2026 (from 2.6% previously) and core inflation at 2.5% (from 2.6% previously).
✨Fed: The economy is expanding at a moderate pace; job growth has slowed and unemployment has risen slightly. Inflation has risen compared to the beginning of the year and remains at a somewhat high level.

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