The more aggressive approach suggests officials are proactively trying to ease pressure off the economy and keep the job market from slowing any further.
The benchmark rate now sits between 4.75 and 5 percent.
The Fed’s September meeting is one of the most heavily anticipated of the year. Inflation has been easing toward normal levels, which Fed leaders expect to continue. But they are also under pressure to make sure high rates don’t slow the job market even more than it already has.
