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Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
- On Wednesday, the Federal Reserve, under Chair Jerome Powell, lowered the federal funds target range by 0.25 percentage points, marking the first interest rate cut in 2025.
- The rate cut followed rising inflation, slowing job growth, and pressure from investors and political figures including President Trump for the Fed to ease policy.
- Powell noted the Fed had kept rates steady for five meetings due to economic uncertainty, and its dual mandate to balance employment with price stability remains challenging.
- The federal funds rate currently stands between 4% and 4.25%, with Powell emphasizing that FOMC members will determine future actions by carefully evaluating the data and considering its impact on the economic outlook.
- This rate cut signals potential further easing, but economists warn multiple cuts may be necessary before consumers see significant changes in borrowing costs or savings.
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154 Articles
154 Articles
For the first time in a three-quarter year, the US Federal Reserve has lowered its key interest rate.
·Germany
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Since December the Fed had not touched the key interest rate. Now the US Federal Reserve lowers it by a quarter of a percentage point. The economic forecast looks more optimistic. But the pressure from the president remains.
·Hamburg, Germany
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The Federal Reserve today cut interest rates for the first time since December last year to support the faltering US labor market.
·Belgrade, Serbia
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Coverage Details
Total News Sources154
Leaning Left36Leaning Right24Center47Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 34%
C 44%
R 22%
Factuality
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