The Federal Reserve on Thursday trimmed the benchmark interest rate by a quarter percentage point to a range between 4.5% and 4.75%, citing a softening labor market and progress in slowing inflation toward its 2% goal.
The Federal Reserve on Thursday trimmed the benchmark interest rate by a quarter percentage point to a range between 4.5% and 4.75%, citing a softening labor market and progress in slowing inflation toward its 2% goal.