The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/2 percent.
In a related action, the Board of Governors unanimously approved a 25-basis-point decrease in the discount rate to 5 percent.
The Committee judges that, after this action, the upside risks to inflation roughly balance [...]
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This site, EconoIndicators, is about applying the Open Source vision to the advancement of economic knowledge. At its most basic, this means sharing economic statistics, or indicators, with end users. The end user of economics, the science of allocating scarce resources to meet unlimited wants, is every human being. This site aims to disseminate the widest possible range of current economic statistics and news from public and private sources in one place and archive them for the future.
