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Fed Cuts Interest Rates Amid Uncertainty
The Fed lowered interest rates by 0.
The US central bank cut its benchmark interest rate by 0.25 percentage points the first decrease since December last year, lowering borrowing costs nationwide. The decision came during a government data blackout and ongoing economic uncertainty. Economists now forecast an extended period of monetary easing, which could stimulate consumer spending and business investment. The Fed’s move highlights cautious optimism among policymakers, who remain vigilant about possible global headwinds and inflationary risks impacting longer-term recovery and growth.