Key Takeaways From Fed Decision to Cut Rate by Quarter Point.

The Federal Reserve's interest-rate decision on Thursday involved a unanimous vote to lower the benchmark rate by 25 basis points to a target range of 4.5%-4.75%. The Fed noted that labor market conditions have eased, while the unemployment rate remains low. The statement also highlighted progress towards the 2% inflation objective, although inflation levels are somewhat elevated. The committee maintained that risks to achieving employment and inflation goals are roughly balanced. [Extracted from the article]