The US Federal Reserve is expected to lower its key interest rate by 0.25 percentage points on Wednesday, bringing it to 4%-4.25%. This is the first rate cut since December and is anticipated to be the first of several, aimed at boosting a slowing job market. While inflation remains above the Fed's target, concerns about weakening job growth have prompted the decision. President Trump, who has repeatedly called for deeper cuts, has exerted significant pressure on the Fed, though the rate cut is largely independent of his demands.

Prepared by Christopher Adams and reviewed by editorial team.