US EditionFederal 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.
322 Articles
322 Articles
US Federal Reserve delivers first interest rate cut of year
A mixed session on Wall Street is likely to send Australian stocks lower after the US Federal Reserve cuts interest rates by an expected 25 basis points, with Fed chair Jerome Powell citing the weak job market. Follow live.
Fed Cuts Rates 25 Basis Points; Mortgage Rates Fall to 2025 Low
On Sept. 17, the Federal Reserve voted to cut the federal funds rate by 25 basis points. A basis point is one one-hundredth of a percentage point.Mortgage lenders anticipated this move; last week, the average 30-year mortgage rate fell below…
Due to a weakening labor market, the Fed is lowering interest rates. Fears of high inflation have diminished at the US central bank.
Bangkok Post
US Fed makes first rate cut of 2025 on employment risks
WASHINGTON - The US Federal Reserve on Wednesday lowered interest rates for the first time this year, flagging slower job gains and risks to employment as policymakers face heightened pressure under President Donald Trump.
The Federal Open Market Committee has signaled two more cuts this year.
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