**FED UPDATE 🚨**

📉 Fed cuts rates by 25 bps, signaling a more accommodative monetary policy.

This move aims to stimulate economic growth and counterbalance the impact of inflation.

💼 Labor market "losing momentum," but elevated T-bill buying will continue for months

💸 President Trump's policies have led to high inflation, which remains "too high" according to Powell.

📊 However, he rules out further interest rate hikes, indicating a shift in Fed strategy.

💡 Overall read: policy is easing, with the Fed taking steps to boost economic growth.