In a significant move, the Federal Reserve has lowered interest rates and hinted at further cuts this year, a decision that aligns with President Donald Trump's call for more aggressive rate reductions. This matters because lower interest rates can stimulate economic growth by making borrowing cheaper, potentially benefiting consumers and businesses alike.

The US central bank has made a significant move by cutting interest rates for the first time this year, a decision that President Donald Trump is expected to celebrate as a long-awaited victory. This rate cut is important as it can stimulate economic growth by making borrowing cheaper, which could benefit consumers and businesses alike.