Fed cuts rates, notes labor market easing and solid economic growth

📆 07/11/2024 11:45 م
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The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has 'generally eased' while inflation continues to move toward the U.S. central bank's 2% target.

<p>WASHINGTON  —  The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has &quot;generally eased&quo

</p><p>But where the Fed's previous policy statement noted slowing monthly job gains, the new one referred to the labor market more broadly.

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