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HomeMarket NewsUS Fed FOMC Meeting Live Updates: Federal Reserve gives first rate cut of 2025; US markets mixed
US Fed FOMC Meeting Live Updates: On Wednesday, the Federal Reserve approved a widely expected rate cut and indicated that two additional cuts may come before year-end amid growing concerns about the US labour market. In an 11-to-1 vote, with less dissent than Wall Street anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point, setting the target range between 4% and 4.25%. Stay tuned for real-time updates on the Federal Reserve’s policy decision and its impact on US economic conditions, interest rates, and the dollar.
US Fed FOMC Meeting Live Updates: On Wednesday, the Federal Reserve approved a widely expected rate cut and indicated that two additional cuts may come before year-end amid growing concerns about the US labour market. In an 11-to-1 vote, with less dissent than Wall Street anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point, setting the target range between 4% and 4.25%.
Looking ahead, Jerome Powell’s term as Federal Reserve Chair is set to expire in May 2026. President Trump is actively considering successors, with White House economic advisor Kevin Hassett, Federal Reserve Governor Kevin Warsh, and Federal Reserve Governor Christopher Waller emerging as top contenders.
Stay tuned for real-time updates on the Federal Reserve’s policy decision and its impact on US economic conditions, interest rates, and the dollar.
