U.S. Fed cuts key interest rate for 1st time in 2025

The U.S. Federal Reserve on Wednesday lowered its benchmark interest rate for the first time in 2025 and signaled the possibility of two more cuts by the end of this year amid heightened concerns over weakening jobs growth.Following a two-day policy meeting, the Fed said its target range for the federal funds rate will be lowered by 0.25 percentage point to 4.00-4.25 percent."Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated," the Federal Open Market Committee said in a statement.The policy-setting committee, …READ FULL ARTICLE