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US Federal Reserve trims policy rate to 3.75-4.00% amid labour-market softening
The Fed lowers rates to 3.
At its recent meeting, the U.S. Federal Reserve cut its benchmark federal-funds rate by 25 basis points, setting the target range at 3.75 %-4.00 %.
Officials signalled that inflation remains elevated while job gains have slowed, creating a delicate balance between supporting growth and guarding against price pressures.
The decision marks the second rate cut this year and underscores caution amid global economic uncertainties and shifting investor expectations. Markets responded by recalibrating future rate-cut odds beyond 2025.