The Federal Reserve has lowered interest rates by 25 basis points as scheduled, abandoning the phrase "more confident"

According to a report by IFR, a media subsidiary of Reuters, as widely expected in the market, the Federal Reserve has lowered the target range for the federal funds rate by 25 basis points to 4.50%-4.75%, and made some modifications to its statement. Although their stated outlook remains largely unchanged as they continue to assert that economic prospects are uncertain, they have dropped a phrase saying they "have more confidence that inflation is sustainably moving towards the target".