Fed Cuts 0.25%, Signals Two More This Year; Markets Whipsaw | CNN2.0

📉 The Federal Reserve delivered its first rate cut of Trump’s second term, lowering by 25 bps and signaling two additional cuts this year as markets rallied, reversed, and ended in the green.
🗳️ The decision was nearly unanimous, with brand‑new Governor Steven Miran the lone dissenter in favor of a 50 bps move after being sworn in just yesterday.
🧭 Jerome Powell emphasized the dual mandate amid stubborn inflation and labor softening, while the panel debated sustained political pressure on the Fed and its electoral stakes.
📈 Kevin O’Leary noted the 10‑year “barely budged,” implying little housing relief, and said markets hoped for 50 bps but expected 25 as Powell threads the needle on inflation vs. jobs.
🏠 Policy nuance: Powell flagged employment risks; discussion touched tariffs, immigration limits, and input costs like lumber tariffs complicating homebuilding and affordability.
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