The US Federal Reserve cut interest rates by 25 basis points this week, bringing the target range to 3.5-3.75%—its third reduction in 2025. The move aims to stabilize the labor market and curb inflation, which Chair Jerome Powell linked to lingering effects of US tariff policies. 🔥📉
"We’re well positioned to wait and see how the economy evolves," Powell said, noting a total 175-basis-point drop since September 2024. Analysts say the Fed is walking a tightrope between cooling prices and avoiding recession. 💼⚖️
President Donald Trump, however, slammed the decision as too timid, urging a bigger cut to "supercharge growth." His ongoing feud with Powell—whom he called "a stiff"—feels like a Netflix drama plot twist. 🍿🗣️
Asian markets reacted cautiously, with tech hubs like Shenzhen and Tokyo watching for ripple effects. Investors in the region are hedging bets amid whispers of a 2026 rate hike. 🌏💹
Reference(s):
cgtn.com
