The Federal Reserve cut interest rates by a quarter percentage point Wednesday, its first reduction of 2025, and projected two more cuts for the rest of this year.
The central bank voted in a split decision to cut its benchmark interest rate to a range of 4.00% to 4.25%. The 25-basis point cut marked the first time the Fed has eased rates since last December.
Newly confirmed Fed governor Stephen Miran disagreed with the decision and preferred to cut rates by a half a percentage point.
The median estimate from all Fed officials is that there will be two more rate cuts this year, up from a prior estimate released in June, as the labor market softens while inflation remains sticky.
“Job gains have slowed, and the unemployment rate has edged up. But remains low,” officials said in their statement. A downgrade from the July meeting statement’s characterization of labor market conditions as “solid.”
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Posted by yahoofinance
19 Comments
Excellently needed tor investors.
Stock will rise.
Although the FED is not federal.
But he hasn’t even talked yet… where is the news from?
So that’s why the dollar dropped like a rock just now.
Orange turd crash out in 5, 4, 3, 2, 1…
# HERE COMES THE SELL OFF !!
Guess I need to figure something else out for my MM funds…
There are a lot of people celebrating this move, but consumer confidence has gotten squishy over inflation concerns. Ease of credit access has not been top of mind (generally). If this move increases inflationary pressures (SPOILER: it will) without corresponding wage gains (SPOILER: it will not), there are going to be some pretty upset people fairly soon.
Well, Trump got what he wanted. Not by getting inflation under control so we’re healthy enough to drop the interest rate, but by unemployment increasing and other parts of the economy starting to tank such that we require the stimulus of a lowered rate. Congratulations, I guess?
How come no one’s excited about 2 more rate cuts this year lol I guess market is catching up now
You mean Powell aint gunna raise rates to spite trump? 🥺
Up and down like a roller coaster for the S&P
We are fucked now
JEROME “FUCK YOUR PUTS” HAS SPOKEN
3 rate cuts? RIP to anyone sensitive to inflation.
OH LAWD HERE HE COMMIN!!!
so are we rich now?
What’s with the seesaw after the announcement? It’s like the market can’t make up its mind whether that was good or bad news, lol
They’re eating the cats. They’re eating the dogs of the people that live there.
Bring on the inflation!