1. The US Federal Reserve has reduced its benchmark interest rate by 0.25 percentage points for the first time this year, setting a new range of 4-4.25%.
2. This decision was influenced by concerns over the economy as shown by a rise in downside risks to employment and slowing job gains.
3. The Fed expects that President Trump's tariffs may push up prices but their overall impact is still uncertain, with nearly half of policymakers anticipating two more rate cuts this year if the reduction is set at 0.25 percentage points.
2. This decision was influenced by concerns over the economy as shown by a rise in downside risks to employment and slowing job gains.
3. The Fed expects that President Trump's tariffs may push up prices but their overall impact is still uncertain, with nearly half of policymakers anticipating two more rate cuts this year if the reduction is set at 0.25 percentage points.
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Summary
US Federal Reserve reduces interest rate by 0.25% to 4-4.25%, influenced by economic concerns such as increased downside risks to employment and slowing job gains. The Fed anticipates potential price increases due to President Trump's tariffs, with nearly half of policymakers expecting two more