The Federal Reserve cut its key interest rate by a quarter-point, projecting two more cuts this year due to concerns about the labor market. This is the first cut since December, lowering the rate to 4.1%. Fed Chair Jerome Powell emphasized the focus on labor market risks, while some investors were disappointed by the cautious approach. The meeting revealed divisions among Fed officials regarding future cuts, with some opposing any further reductions. The Fed's independence is under scrutiny due to political pressures, particularly from President Trump, who has criticized the Fed's rate decisions. Teljes cikk (Euronews.com)