"The Fed is more worried about the labor market and less concerned about inflation at this point," a Glenmede analyst said.

The U.S. central bank's decision to cut interest rates by half a percentage point leaves open the risk of a resurgence in inflation, a former Kansas City Federal Reserve president said on Thursday. "They are gambling that they have inflation under control,

The Fed's decision to lower interest rates by a half-point comes in response to labor-market weakness. But the aggressive cut risks igniting inflation, a Richard Bernstein analyst said. One professor said that the Fed's cut has set a new expectation for ...