Fed Cuts 0.25%: First This Year, Signals More Ahead | CNN2.0

1 day ago
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📉 The Federal Reserve delivered a quarter‑point rate cut, its first of the year, signaling concern about a weakening job market even as inflation has ticked up and remains somewhat elevated.
🏦 The vote was 11–1, with new Governor Stephen Miran dissenting for a larger 0.50% cut; projections now pencil in three total cuts this year, up from two in June.
🧭 Officials cite slowing job gains and a rising unemployment rate, judging downside risks to employment have increased while balancing inflation control and labor support.
💳 Practical impact: variable‑rate borrowers (cards, HELOCs) may see some relief, but rates remain high—the Fed is easing off the brake, not slamming the gas.
⚖️ Analysts highlight political pressure and Fed independence questions, noting policy effects often take 6–12 months to filter into the real economy.
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