Federal Reserve FOMC cuts target rate to 4. 25%, down from 4. forecasts indicate additional 50 basis point reduction this year.
06 Aug 2025, 01:35
Federal Reserve FOMC cuts target rate to 4.25%, down from 4.50%; forecasts indicate additional 50 basis point reduction this year. Miran, a Trump appointee, supported a 50 basis point cut. Fed commits to ongoing balance sheet reduction.