Here is what happened in the FOMC meeting today

The Federal Reserve reduced interest rates for the first time in nine months on Wednesday, indicating concerns about a Weak labor market. The Federal Open Market Committee of the Central Bank voted on Reduce its target scope For a quarter of a quarter of a percentage, to 4 % to 4.25 %, walking with investor expectations.

“Although the unemployment rate is still low, it has risen, job gains slowed down, and negative risks have increased to work at the same time, the inflation increased recently and is still somewhat high,” Powell said at a press conference on Wednesday.