US Federal Reserve cuts interest rate for first time in 2025
The US Federal Reserve reduced its benchmark rate. This is the first cut since last year. The rate now ranges between 4.0% and 4.25%. The decision comes amid concerns about employment. Stephen Miran opposed the cut. Donald Trump has been urging rate cuts for months. The Fed aims to maintain independence. Democrats introduced a bill to protect the Fed's autonomy.
The US Federal Reserve reduced its benchmark rate. This is the first cut since last year. The rate now ranges between 4.0% and 4.25%. The decision comes amid concerns about employment. Stephen Miran opposed the cut. Donald Trump has been urging rate cuts for months. The Fed aims to maintain independence. Democrats introduced a bill to protect the Fed's autonomy.
