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Powell’s Fed Pulls Trigger on Quarter-Point Cut

The Federal Reserve trimmed its benchmark rate by a quarter point on Wednesday, signaling caution as growth cools and inflation lingers. The U.S. Federal Reserve nudged its federal funds rate lower by 25 basis points, se...

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Powell’s Fed Pulls Trigger on Quarter-Point Cut
The Federal Reserve trimmed its benchmark rate by a quarter point on Wednesday, signaling caution as growth cools and inflation lingers. The U.S. Federal Reserve nudged its federal funds rate lower by 25 basis points, setting the target range at 4% to 4.25% after signs of slowing momentum in the first half of the year. […]

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