Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald Trump

The Federal Reserve makes its first cut to interest rates since 2024, and signals more to come.

The Federal Reserve on Wednesday announced a 0.25% rate cut in the wake of U.S. President Donald Trump's demands to do so amid ongoing tariff worries.

The central bank lowered rates for the first time since 2024 as the labor market shows signs of weakening.

The Federal Reserve has cut US interest rates for the first time this year following intense pressure from Donald Trump.

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald Trump

The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health…

The central bank’s widely-expected 0.25% cut comes amid a cooling labour market, which has stalled economic growth.

The Fed made its last rate cut in December and held rates steady until now, as it monitored the effects of Trump's tariffs on inflation.