The Federal Reserve cut its key interest rate by a quarter-point today and projected it would do so twice more this year. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The cut comes amid an unprecedented press
The Federal Reserve cut its key interest rate by a quarter-point tod…
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