Fed Lowers Interest Rates For First Time Since December, Projects Two More Cuts This Year
PositiveEntertainment

The U.S. Federal Reserve has made a significant move by lowering interest rates for the first time since December, responding to a softening labor market. This quarter percentage point cut was anticipated, but what really caught the attention of the markets was the Fed's projection of two additional cuts expected later this year. This decision is crucial as it reflects the Fed's strategy to support economic growth amid changing labor conditions, potentially influencing borrowing costs and consumer spending.
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