Did the fed slash rates for the third-straight time?

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Transcript

00:00Although important federal government data for the past couple of months have yet to

00:03be released, available public and private sector data suggests that the outlook for employment

00:10and inflation has not changed as much since our meeting in October.

00:15Conditions in the labor market appear to be gradually cooling, and inflation remains somewhat

00:20elevated.

00:22In support of our goals, in light of the balance of risks to employment and inflation, today

00:27the Federal Open Market Committee decided to lower our policy interest rate by a quarter

00:32percentage point.