how much did the fed cut rates today

The Federal Reserve cut interest rates by 0.25 percentage points (25 basis points) today, lowering the federal funds rate to a range of 4.00% to 4.25%. This is the Fed's first rate cut of 2025, and officials signaled plans for two additional cuts later this year due to signs of a weakening labor market and slower economic growth. The decision was not unanimous, with one governor, Stephen Miran, voting for a larger 0.50 percentage point cut.