In today's meeting, the President of the Federal Reserve (Fed), Jerome Powell, announced the following decisions:
* Rate cut: The Fed reduced the benchmark interest rate by 25 basis points, placing it in a range of between 4.0% and 4.25%.
* Future projections: Two more rate cuts are expected for the remainder of 2025.
* Near unanimous decision: Eleven of the twelve members of the Federal Open Market Committee (FOMC) voted in favor of the cut. The new Fed governor, Stephen Miran, opposed the decision, arguing that the reduction should have been greater (by 50 basis points).
This cut is the first made in the last nine months and comes in a context where job creation in the United States has slowed and GDP growth has decreased. Powell described the measure as a "risk management cut," indicating concern about downside risks to employment, even though inflation remains a factor to consider.
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