Fed Cuts Rates by 25bps to 4.00-4.25%, First Cut Since 2024
The Federal Reserve delivered its first rate cut since September 2024, lowering the federal funds rate by 25 basis points to a range of 4.00-4.25%. The decision was unanimous, with Chair Powell citing progress on inflation and a cooling labor market. Powell emphasized that the Committee would remain data-dependent but signaled the possibility of additional…