The Fed lowered rates by a quarter point, and officials penciled in cuts at each of two remaining meetings this year
PositiveFinancial Markets

The Federal Reserve has made a significant move by lowering interest rates for the first time in nine months, reflecting a response to recent labor market challenges. This decision is crucial as it indicates the Fed's willingness to support economic growth amid inflation concerns, potentially easing borrowing costs for consumers and businesses. With further cuts anticipated in the upcoming meetings, this could signal a more accommodative monetary policy aimed at fostering stability and growth.
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