What did the Fed announce?

[chainsniff]

The Federal Reserve cut the federal funds rate by 25 basis points to 4.0%–4.25%. Fed Chair Jerome Powell called it a “risk management cut”, aimed at addressing weak jobs data rather than signaling a full rate-cutting cycle.

[Rimon Khan]

Powell calling it a “risk management cut” makes sense — addressing jobs weakness without committing to a full easing cycle.

[Nahid Hossen]

25 bps cut to 4.0–4.25% Not the start of a rate-cut spree, just the Fed trying to cushion labor market risks. ️