The Federal Reserve has made a significant move by cutting interest rates by a quarter point for the first time in nearly a year, bringing the new range to 4% to 4.25%. This decision comes amid growing concerns about political pressure on the independent central bank, particularly from former President Trump. Lower interest rates can stimulate economic growth by making borrowing cheaper, which is crucial as the economy navigates uncertainties. This change is noteworthy as it reflects the Fed's responsiveness to current economic conditions and its commitment to fostering a stable financial environment.

Former President Donald Trump and First Lady Melania Trump are making headlines with their state visit to the UK, which includes a lavish banquet at Windsor Castle. This visit is significant as it highlights the ongoing diplomatic ties between the US and the UK, showcasing a blend of tradition and modern politics. The presence of royal figures like King Charles III and Queen Camilla adds to the event's prestige, making it a notable occasion for both nations.

Federal Reserve Chair Jerome Powell is set to speak after the central bank's first interest rate cut of the year, a decision influenced by President Trump's ongoing pressure. This move aims to alleviate challenges in the U.S. job market, which has been showing signs of weakness. Powell's remarks are anticipated as they could provide insights into the Fed's future strategies and the overall economic outlook, making it a significant moment for investors and the public alike.