From Global News.

Federal Reserve Chair Jerome H. Powell is scheduled to hold a news conference Thursday afternoon after the central bank cut interest rates by a quarter of a percentage point.

Policymakers took note of a job market that has “generally eased” while inflation continues to move towards the U.S. central bank’s 2% target flagged as potentially inflationary.

Even while the unemployment rate remains low, “labor market conditions have generally eased,” the statement said.

Risks to the job market and inflation were “roughly in balance,” the Fed said, repeating language from the statement released after its September meeting.

For more info, please go to https://globalnews.ca/news/10857911/us-federal-reserve-rate-decision-november-trump-election/

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