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.
373 Articles
373 Articles
US Federal Reserve cuts interest rates for first time this year
The US Federal Reserve has cut its key interest rate by 0.25 points and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labour market.The move is the Fed's first cut since December and it lowered its short-term rate to about 4.1 per cent, down from 4.3 per cent. Fed officials, led by chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tar…
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.
Federal Reserve cuts key rate for first time this year - American Press
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and it lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tig…
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