The Federal Reserve cut its benchmark interest rate by a quarter-point, signaling one rate cut in 2026, lower than expectations. The new federal funds rate target range is 4% to 4.25%, citing a weakening labor market and moderating economic growth. Most Fed members expect two more cuts this year, compared to the market’s anticipation of three. The Fed’s “dot plot” suggests a slower pace of cuts, causing a market pullback. America’s Car-Mart (CRMT) shares fell following disappointing second-quarter results with revenue down 1.5% and a loss of $0.69 per share. The stock is down 34.1% since the beginning of the year.
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