Federal Reserve cuts interest rates for first time this year, sees 2 more cuts in 2025

The Federal Reserve cut interest rates by a quarter percentage point on Wednesday — its first reduction of 2025 — and projected two more cuts for the rest of this year. The central bank voted in a split decision to cut its benchmark interest rate to a range of 4.00% to 4.25%. The 25 basis point cut marked the first time the Fed has eased rates sinc...