Fed approves quarter-point interest rate cut and sees two more coming this year
1. Fed approved 0.25% rate cut; further cuts expected soon. 2. Job gains slowed, raising concerns over economic outlook and inflation. 3. Market fully priced in rate cut, signaling stability in expectations. 4. Political dynamics surrounding Fed influence could impact future decisions. 5. Unemployment rate reached 4.3%, highest since October 2021.