Summary
The Federal Reserve lowered its main interest rate by a quarter-point for the second time this year. President Trump plans to meet with China's President Xi Jinping during his tour of Asia. The U.S. is reducing its military forces near NATO's border with Ukraine, and Israel conducted a strike in Northern Gaza despite a ceasefire with Hamas.
Key Facts
- The Federal Reserve decreased its interest rate by 0.25%.
- This is the second time this year the interest rate has been cut.
- President Trump will meet China's President Xi Jinping in Asia.
- The U.S. is pulling back some military forces near Ukraine's NATO border.
- Israel launched an attack in Northern Gaza.
- Despite the attack, Israel states that a ceasefire with Hamas is still active.
