US Fed makes first rate cut of 2025 over employment risks

WASHINGTON, United States — The US Federal Reserve on Wednesday lowered interest rates for the first time this year, signaling concerns over slower job gains and potential risks to employment.

In response to these economic challenges and under heightened pressure from President Donald Trump, the Fed decided to cut the benchmark lending rate by 25 basis points. This adjustment brings the rate to a range between 4 percent and 4.25 percent.

https://business.inquirer.net/547693/us-fed-makes-first-rate-cut-of-2025-over-employment-risks