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@soft.persona70: Buat kamu yang suka me-time sambil merawat diri, ini bisa jadi salah satu experience yang menarik ✨#viptreatment #facesculpt

Soft Persona
Soft Persona
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Sunday 16 August 2026 16:01:08 GMT
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The Federal Reserve on Wednesday cut interest rates by a quarter point for the second consecutive meeting, bringing borrowing costs to their lowest level in three years.   The move sets the target range for the federal funds rate at 3.75% to 4%.   The decision comes as Fed officials have only a partial view of the economy due a lack of federal data reporting during the government shutdown.   Federal Reserve Chair Jerome Powell noted the lack of official reporting but said the central bank was able to access a
The Federal Reserve on Wednesday cut interest rates by a quarter point for the second consecutive meeting, bringing borrowing costs to their lowest level in three years.   The move sets the target range for the federal funds rate at 3.75% to 4%.   The decision comes as Fed officials have only a partial view of the economy due a lack of federal data reporting during the government shutdown.   Federal Reserve Chair Jerome Powell noted the lack of official reporting but said the central bank was able to access a "wide variety" of other data from the public and private sectors.   "The public- and private-sector data that have remained available suggests the outlook for employment and inflation have not changed much since our meeting in September," he told reporters.   Inflation remains above the Fed's 2% target while the labor market cools, putting the central bank in "a challenging situation" as it tries to balance its dual mandates of stable prices and maximum employment.   "There is no risk-free path for policy as we navigate this tension between our employment and inflation goals," Chair Powell said.   "We with downside risks to employment having increased in recent months, the balance of risks has shifted. Accordingly, we judged it appropriate at this meeting to take another step toward a more neutral policy stance."   The Federal Open Market Committee (FOMC) vote was 10–2, with the two dissents coming for different reasons.   Stephen Miran, whom President Trump appointed as a Federal Reserve governor last month, dissented for the second straight meeting, favoring a half-point cut.   Jeffrey Schmid, the president of the Federal Reserve Bank of Kansas City, also dissented, preferring that the Fed not cut rates at all.   Fed officials had previously forecast another quarter-point reduction at the December meeting, but Chair Powell said there were now "strongly differing views" over the path ahead.   "A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it," he said.   #jeromepowell #cspan
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