The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.

The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.

The Federal Reserve cut interest rates for the second time this year, although Chair Jerome Powell said a third cut is “not a foregone conclusion.” WSJ’s Nick Timiraos explains the central bank’s split outlook.

The Federal Reserve has approved its second interest rate cut in two months, lowering its benchmark overnight borrowing rate to a range of 3.47 to four percent. This is the lowest rate since 2022. Experts say this could impact mortgage rates, which already dropped last week.

Federal Reserve Governor Stephen Miran believes the fast-rising demand for dollar-linked stablecoins may soon ripple into monetary policy. Speaking at the BCVC

The US Federal Reserve’s Federal Open Market Committee (FOMC) is all set to announce the key interest rates for the American economy.