The U.S. Federal Reserve has cut its benchmark interest rate by 25 basis points, the first reduction in nine months. The move comes amid a complex economic picture, leading to mixed signals for global markets, with the S&P 500 and NASDAQ closing lower while the Dow saw a slight uptick. In his commentary, the Fed Chairman highlighted a challenging situation, stating, “In the near term, risks to inflation are tilted to the upside and risks to employment to the downside.” Projections indicate the possibility of further cuts by the end of the year, though the path remains data-dependent. The decision also considers the potential impact of tariffs on the economy, a key factor contributing to the cautious and divided outlook from the central bank.
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