Federal Reserve cuts rates by quarter point and signals more to come
NeutralFinancial Markets

The Federal Reserve has announced a quarter-point cut in interest rates, marking its first reduction of the year. This decision comes as concerns about a weakening labor market grow, indicating that the central bank is responding to economic pressures. This move is significant as it may pave the way for further rate cuts in the future, which could impact borrowing costs for consumers and businesses alike.
— Curated by the World Pulse Now AI Editorial System