US Fed Cuts Rates by 25 Basis Points Powell’s FOMC Notes Economic Outlook Uncertainty

US Federal Reserve Chairman Jerome Powell announced a 25 basis points cut to the key benchmark rate, reducing it to 3.75-4.00%, amid elevated economic uncertainty. The FOMC emphasized that future rate adjustments will depend on incoming data, while the current labor market shows slow job gains and persistent inflation challenges, complicating the Fed’s policy decisions.

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