The Federal Reserve cut interest rates by 25 basis points as scheduled, abandoning the phrase "more confident."

ChainCatcher news, according to IFR, a media outlet under Reuters, as the market widely expected, the Federal Reserve has lowered the target range for the federal funds rate by 25 basis points to 4.50%-4.75%, and made some modifications to the statement. Although the overall outlook they stated remains unchanged, as they continue to assert that the economic outlook is uncertain, they dropped a sentence stating that they "are more confident that inflation is sustainably moving toward the target."