New Delhi [India], October 30 (ANI): The Federal Reserve has decided to lower the target range for the federal funds rate by one-fourth of a percentage point to 3.75-4 per cent, marking a shift in its monetary policy stance amid signs of a moderating economy. The decision, according to a Federal Reserve press release on Wednesday, comes as job growth slows and unemployment edges slightly higher, though it remains low through August. Inflation, which had cooled earlier this year, has picked up again and remains somewhat elevated. In this context, the Federal Open Market Committee said it aims to balance its goals of maximum employment and price stability while navigating changing economic risks. The Committee emphasised that it will closely monitor new data and evolving economic conditions

See Full Page