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Details: ht
Fed Cuts Rates by 25 bps, Signals More Cuts Likely
Rate cut: 25 bps, first reduction of 2025
Median dots: Two more cuts forecast for the year
Dissent: Governor Miran favored a 50 bps cut today
Fed commentary: Heightened downside risks to employment; focus shifting toward labor market
Officials split: Six see no further cuts; nine project two additional cuts in 2025