BREAKING: Federal Reserve cuts interest rates by 0.25%

Quarter of a point, David. >> Yeah, this was largely expected, Katie, uh, going into this meeting is what Wall Street thought would happen here. And and the reason for it is there there is a sense on many members of this committee that the Fed is a bit behind the curve here when they look at the labor side of the Fed's dual mandate.So for so long really since co a huge focus has been on the inflation picture and inflation remains higher than the Fed would like it to be. The target is around 2%. We're still ...