The Federal Reserve of the United States has decided to reduce the interest rate by 0.25 percentage points, reaching a range of 3.50%-3.75%, the lowest level in the last three years. This is the third reduction this year, but there is no consensus among Fed officials regarding the future direction of monetary policy. Fed Chairman Jerome Powell emphasized the difficulty of simultaneously managing a declining labor market and rising prices. Donald Trump, dissatisfied with the decision, stated that interest rates should be significantly lower. Although Fed projections suggest a single rate cut next year, inflation remains above the 2% target, and the unemployment rate has risen to 4.4%. The rate cut aims to stimulate the labor market, but inflation fueled by tariffs remains a major concern.
Sources
Latest News
10:46
President Trump's Peace Council assured Israel that the withdrawal from Gaza will only take place after the disarmament of Hamas / Prime Minister Netanyahu expressed concerns regarding the plan
10:38
The Pentagon is seeking new "creative and unconventional" strategies to pressure Iran, after the bombings had no effect.
10:35
The final results for the 2026 Tenure Exam have been published / The allocations will take place on August 5 and 6
10:22
Ukrainian drone attack in Moscow: Five dead and six injured
10:19
SAPE has signed a funding contract for CET Titan Bucharest / The new plant will increase the energy security of the Capital.
See more news