The US Federal Reserve, led by Jerome Powell, has decided to cut key interest rates to 3.50%-3.75% during the FOMC meeting in response to high inflation in the country.

The decision to lower interest rates comes as the US faces elevated levels of inflation, with prices rising at a faster pace than expected.

The move by the Federal Reserve to cut interest rates is aimed at curbing inflationary pressures and stabilizing the economy amidst uncertain market conditions.

Analysts are closely monitoring the impact of the interest rate cut on financial markets and the broader economy, as concerns about inflation persist.

Investors are reacting to the news of the interest rate cut, with stock markets responding positively to the Federal Reserve’s decision to lower key rates.

Read more at Google: US Fed Meeting 2025 LIVE: Jerome Powell-led FOMC cuts key interest rates to 3.50%-3.75% amid elevated US inflation – livemint.com