Fed Cuts Interest Rates by 25 Basis Points

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The Federal Reserve has cut interest rates by 25 basis points to support the economy amid slowing growth. The move is expected to make borrowing cheaper for consumers and businesses, boosting spending and investment. Officials noted that inflation has eased slightly but remains a concern. The central bank signaled it will monitor data closely before making further changes. Markets welcomed the decision, seeing it as a positive step toward maintaining growth and financial stability.