Federal Reserve lowers interest rates by 0.25 percentage points in first cut since December | NYGazet

The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.

The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points — its first cut since December — as the U.S. grapples with a stalling labor market and slower economic growth. The Fed cut reduces the federal funds rate —... [5077 chars]