Federal Reserve sees progress with inflation, hinting that a rate cut is near
Headline from Fox5 Atlanta
The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.
Fox5 Atlanta's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Fed also said that greater progress has been made in reducing inflation to its 2% target and 'job gains have moderated' and acknowledged that the unemployment rate has risen.
The Federal Reserve said progress was made to lower inflation, suggesting that the central bank is moving closer to cutting its key interest rate for the first time in four years.
WASHINGTON (AP) — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is…