Fed Cuts Benchmark Rate by 25 Basis Points to 4%-4.25%

The Federal Reserve has resumed easing its monetary policy by cutting the benchmark fed funds interest rate range by 25 basis points to 4%-4.25%.
This decision marks the lowest rate since December 2022 and follows signs of a weakening U.S. labor market, with only 22,000 jobs added in August and unemployment rising to 4.3%.
Revisions to previous job reports indicated fewer jobs were created than initially reported.
Political pressure from President Trump may have influenced the Fed's decision due to his criticism of their hesitancy amid what he perceives as softening inflation.
Following the rate cut announcement, Bitcoin's price increased by about 1%.
Major U.S. stock indexes also rose after the news, having already been reaching record highs.
Fed Chairman Jerome Powell is expected to provide further insights into the decision during his upcoming press conference.