The Federal Reserve policy statement removes the description of the unemployment rate as "low"

After the Federal Reserve cut interest rates, the US dollar recorded its worst single-day performance since September

The Federal Reserve's interest rate cut meets expectations, with a weakening labor market as the main reason.

Powell: The peak inflation rate may be a few tenths of a percentage point higher or lower than the current level

Powell: The Federal Reserve will make decisions on a meeting-by-meeting basis, and there is no predetermined path for monetary policy.