Federal Reserve cuts interest rates a quarter point as US job market wobbles
1. The Federal Reserve cut interest rates by 0.25% to 4%-4.25%. 2. Concerns over inflation delayed rate cuts, but labor market weakness is now prioritized. 3. The Dow Jones rose 414 points to an intraday record following the announcement. 4. Future rate cuts are anticipated based on mixed economic data. 5. Political pressure from President Trump on the Fed has intensified recently.