US Federal Reserve Cuts Interest Rates Amid Economic Uncertainty

The U.S. Federal Reserve has lowered its benchmark interest rate by a quarter percentage point to a target range of 3.75% to 4%, marking the second rate cut this year. The decision comes as a prolonged federal government shutdown has delayed the release of key economic indicators on employment and inflation, creating uncertainty for policymakers. The move is intended to support the American economy in the face of slowing growth and financial market volatility, with potential ripple effects for global markets and monetary policy.