Intro:
The Federal Reserve is set to announce its first rate cut of 2025 amid economic uncertainty and political pressure.
Details:
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Analysts expect a 25-basis-point cut, though some anticipate deeper reductions.
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Fed Governor Lisa Cook’s confirmation by appeals court strengthens the board’s stance.
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Political debate continues over central bank independence.
Impact:
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Lower borrowing costs for mortgages, auto loans, and businesses.
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Stock market and U.S. dollar could swing depending on Fed statements.
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Could affect 2025 election narratives about the economy.