FED Finally cuts rates for the first time in 2025

If that headline sounded like it’s written in caps, that’s cause it is! Big news is Jerome Powell (govenor) and his Federal Open Market Committee have finally done what the markets, investors, president Trump and just about any other economic member have been asking for – a rate cut of 25 basis points.

This comes as a surprise after fact checking the president last month during his visit at the quarters – a move many thought signaled further defiance of Trump’s economic views. Powell had also publicly denounced rumors that he would be stepping down, citing that the president cannot make him step down as the Fed operates independently.

While the fed has stood firm on their goal to keep inflation around the 2% benchmark, the job market has seen the most declines and thus the cool off. In his statement governor Jerome Powell reassured the public of the rigorous economic & statistical data taken into consideration to make the decision on interest rates.

At the time of writing both the stock market and cryptocurrencies have just slightly began to respond to the news.