The Fed blinks: First rate cut since December comes as hiring falters and Trump rages
NeutralFinancial Markets

The Federal Reserve has made its first rate cut since December, responding to faltering hiring trends and ongoing tensions surrounding Trump's influence. Stephen Miran, who was nominated by Trump to join the Fed, dissented from the majority, advocating for a more aggressive half-point cut. This decision is significant as it reflects the Fed's attempt to stimulate the economy amid uncertainties, highlighting the ongoing debate about monetary policy and its implications for economic growth.
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