New Delhi, Oct. 3 -- New York - The Federal Reserve on September 17, 2025, announced a Fed rate cut, reducing its benchmark interest rates by a quarter percentage point to a range of 4%-4.25%. The move, the first rate reduction since December 2024, reflects mounting concerns over an economic slowdown in the United States, with signs of a weakening labor market and persistent inflation pressures.

Chair Jerome Powell emphasized that while financial markets had anticipated some easing, the data pointed to the need for measured intervention. "The labor market is no longer as strong as we had hoped," Powell said. "Inflation remains elevated, and we must balance our mandate to promote employment while ensuring price stability." Economists say ...