Fed cuts rates by 25 bps as inflation lingers, labor market weakens
The Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday, setting the target range at 4% to 4.25%. The first cut since December 2024 marks a new phase in the central bank’s effort to balance maximum employment and stable prices. Economists say it could usher in an easing cycle with direct […]
Fed cuts rates by 25 bps as inflation lingers, labor market weakens Read More »