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on the 18th local time, the us federal reserve announced thatlowered the federal funds rate target range by 50 basis points, down to a level between 4.75% and 5.00%,this is the first time the fed has cut interest rates in four years.。

in addition, according to the fed's forecast, the u.s. federal funds rate will reach 4.4% at the end of this year, that is, the target range of 4.25% to 4.5%, and will fall to 3.4% by 2025 and is expected to fall to 2.9% by 2026.

data released by the u.s. department of labor on the 11th showed that the u.s. consumer price index (cpi) rose 2.5% year-on-year in august, 0.4 percentage points narrower than in july. this is the smallest increase since february 2021, showing signs of continued slowdown in inflation. in addition, the u.s. labor market continued to weaken, with layoffs in the u.s. increasing to 1.76 million in july, the highest level since march 2023.

the federal reserve raised interest rates 11 times in a row from march 2022 to july 2023, with a cumulative increase of 525 basis points.over the past year, the federal reserve has maintained the target range for the federal funds rate between 5.25% and 5.5%, the highest level in 23 years.

source: news broadcast