U.S. Federal Reserve cuts interest rates for first time this year
Michael Phang2025-09-17T14:04:27-05:00September 17, 2025 The Federal Reserve lowered its benchmark interest rate by 25 basis points, bringing the federal funds target range to 4.00 to 4.25 percent. This marks the first rate cut of the year and reflects growing concern over a cooling labour market and persistent economic uncertainty. Job growth has slowed noticeably, and the