The US Federal Reserve cut its key interest for the first time this year and signaled more could be on the way. The Fed projected two more cuts this year as concern grows over the slowdown of the US labour market. The central bank had kept rates steady while assessing the inflationary impact of President Trump’s tariff policies despite considerable pressure by Trump to lower rates.
00:00 US Federal Reserve cuts key rate by 0.25 percent
00:33 Allie Kelly, Reporter, Business Insider
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