The U.S. Federal Reserve has cut its benchmark interest rate by 25 basis points. It's the first cut since December 2024. The move follows months of easing inflation. It also comes amid a cooling labor market and mounting political pressure from U.S. President Donald Trump. What does it mean for businesses, consumers and the global economy? How will China and other countries respond?

Decoding impact of U.S. Fed rate cut

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Decoding impact of U.S. Fed rate cut

Decoding impact of U.S. Fed rate cut