FEDERAL RESERVE CUTS KEY OVERNIGHT INTEREST RATE BY 50 BASIS POINTS TO 4.75-5.00% RANGE, SEES 50 MORE BASIS POINTS IN CUTS THIS YEAR
FED: INFLATION HAS MADE FURTHER PROGRESS TOWARD 2% OBJECTIVE, REMAINS 'SOMEWHAT ELEVATED'
FED: FOMC HAS GAINED GREATER CONFIDENCE IN INFLATION MOVING SUSTAINABLY TOWARD 2%, JUDGES RISKS TO EMPLOYMENT AND INFLATION GOALS ARE ROUGHLY IN BALANCE
FED: ECONOMIC OUTLOOK IS UNCERTAIN, FOMC ATTENTIVE TO RISKS ON BOTH SIDES OF THE MANDATE
FED: ECONOMIC ACTIVITY EXPANDING AT 'SOLID PACE,' JOB GAINS HAVE SLOWED, UNEMPLOYMENT RATE HAS MOVED UP BUT REMAINS LOW
