U.S. Fed Trims Benchmark Fed Funds Rate Range to 3.50%-3.75%
CoinDesk
The U.S. Federal Reserve cut its benchmark fed funds rate by 25 basis points to a range of 3.50%-3.75%.Summary
The U.S. Federal Reserve implemented a widely anticipated 25 basis point rate cut, lowering the benchmark fed funds rate range to 3.50% to 3.75%. This reduction marks the third consecutive quarterly point cut, bringing short-term borrowing costs to their lowest level since 2022. The decision was made despite significant internal disagreement among Fed members regarding monetary policy and occurred while policymakers lacked several key economic data releases due to the U.S. government shutdown. Attention is now focused on Fed Chair Jerome Powell's upcoming press conference for further insight into the central bank's future policy direction, especially amid ongoing political pressure from President Trump.
(Source：CoinDesk)