US Fed's focus moves from inflation to jobs as it makes first rate cut of 2025

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The Federal Reserve announced a quarter-point interest rate cut and signalled it could enact two more cuts this year. The US Federal Reserve on Wednesday (Sep 17) made a widely expected interest rate cut of 25 basis points, as the central bank's focus shifted from inflation to jobs. “It’s really the risks that we’re seeing to the labour market that were the focus of today’s decision," Fed chair Jerome Powell said at a press conference following the Fed's two-day meeting. The reduction puts

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US Fed set for first rate cut of 2025 as Trump pressure looms https://www.channelnewsasia.com - 17.09.2025 07:01
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US Fed set for first rate cut of 2025 as Trump pressure looms https://www.channelnewsasia.com - 17.09.2025 07:01
US Fed set for first rate cut of 2025 as Trump pressure looms https://www.channelnewsasia.com/ - 17.09.2025 06:47