Federal Reserve cuts US interest rates for first time since December | NYGazet

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

The US Federal Reserve cut interest rates on Wednesday, its first rate cut since December, as the central bank moved to stabilize a wobbling labor market even as Donald Trump’s tariffs continue to push up prices. Rates are now at a range of 4% to 4.2... [3459 chars]