The Federal Reserve lowered its benchmark interest rate by 25 basis points to a target range of 4% to 4.25% on September 17, citing downside risks to employment and a softening labor market. Chair Jerome Powell said the Fed is “taking another step toward a more neutral policy stance,” and emphasized the committee’s commitment to maximum employment and price stability.
The Summary of Economic Projections now sees GDP rising 1.6% in 2025 and 1.8% in 2026. Payroll growth has slowed “to a pace of just 29,000 per month,” while core inflation remains above target. “Inflation has eased significantly from its highs in mid-2022, but remains somewhat elevated.”
“We judged it appropriate at this meeting to take another step toward a more neutral policy stance,” Powell said. “The risks were clearly tilted toward inflation, I would say they’re moving toward equality,” adding that the ” labor market is softening and we don’t need it to soften anymore. Don’t want it to.”
__________________________________________________________________
Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage.
FOLLOW US:
X: https://x.com/kitconewsnow
Instagram: https://www.instagram.com/kitconews
Facebook: https://www.facebook.com/KitcoNews
LinkedIn: https://www.linkedin.com/company/kitconews
Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.
Live gold price and chart: https://www.kitco.com/charts/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto
Learn more about Kitco News: https://www.kitco.com/news/about/
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising
Disclaimer:
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
