Federal Reserve Cuts Interest Rates
The Federal Reserve cut its benchmark interest rate by a quarter of a percentage point on Wednesday, marking its second interest rate cut this year.
This move aims to boost the labor market, which has experienced a slowdown in hiring, despite a recent pickup in inflation.
The decision follows President Donald Trump's calls for lower interest rates, although the cut is not as large as the president had requested.
The size of the cut falls short of the major drawdown called for repeatedly by the president.
The cut is the first interest rate adjustment since the start of a weeks-long government shutdown, which threatens to cool economic activity and restricts the release of key federal data.
A recent inflation report showed a continued acceleration of price increases, which may complicate the Fed's efforts to revive the labor market.
Author's summary: Fed cuts interest rates to boost labor market.
More News
- Guadeloupean artist Kelly Sinnapah Mary wins French art prize at Art Basel Miami Beach
- JUST IN: Kelly Olynyk has been waived by the San Antonio Spurs
- Tampa Bay Lightning vs. New York Islanders - Game Highlights
- NBA: Spurs at Timberwolves
- Jay Kelly cast guide: All on which characters George Clooney, Adam Sandler and Laura Dern play in the film
- Game Preview: Islanders vs Lightning
- Islanders vs. Lightning (Dec 6, 2025) Pregame
- Lando Norris wins his first F1 title despite Max Verstappen victory: Live updates and reaction
- How former Gonzaga stars perform in NBA
- F1 2026 : Lancements, livrées et premiers indices d'une révolution en piste