Federal Reserve lowers interest rates by 0.25 percentage points in first cut since December
The Fed cut its benchmark interest rate 0.25 percentage points to help a stalling job market.

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Fed lowers interest rates by 0.25 percentage points in first cut since 2024
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The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points — its first cut since December — as the U.S. grapples with a stalling labor market and slower economic growth.