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The Federal Reserve sees cooler inflation and slower job market, suggesting a rate cut is nearing

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 moving closer toward cutting its key interest rate for the first time in four years. 
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Source name: 
The Associated Press
Unique identifier: CP215219187 
Legacy Identifier: 35c30ca18ab84c64b4177224340907b1 
Type: Video 
Duration: 1m21s 
Dimensions: 1920px × 1080px     99.97 MB 
Usage rights: Digital platform use only. Broadcast rights and editing of content prohibited. 
Create Date: 7/31/2024 8:31:39 PM 
Display aspect ratio: 16:9