Summary
The Federal Reserve has reduced its main interest rate for the second time in six weeks. This move aims to support the U.S. job market, which is currently experiencing difficulties.
Key Facts
- The Federal Reserve is the central bank of the United States.
- It lowered its benchmark interest rate again today.
- This is the second rate cut in six weeks.
- The decision is meant to help strengthen the job market in the U.S.
- A lower interest rate can make borrowing cheaper for businesses and consumers.
- The job market in the U.S. is facing challenges that the Fed aims to address with this action.
