This chapter analyzes the Federal Reserve's recent decision to lower the policy interest rate, indicating a shift in monetary policy in response to economic conditions. It explores the implications of this cut for the labor market and inflation, along with internal debates within the Fed regarding future rate adjustments.
The first reduction in interest rates for four years shows America’s Federal Reserve thinks inflation is now in check. But does the central bank’s decision suggest it is now concerned about the labour market? Ukraine wants its allies to provide long-range missiles (9:50). Our correspondent explains what difference these would make to the war. And how fashion brands conquered TV (19:44).
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