The US Federal Reserve cut its interest rate to 4-4.25% for the first time in nine months.

The decision met market and analyst expectations.

The US Federal Reserve lowered its key interest rate for the first time since December 2024 – by 25 basis points, to 4-4.25% per annum.

The regulator's decision coincided with economists' expectations.

Back in late August, Fed Chairman Jerome Powell signaled to the market that the regulator was apparently ready to cut rates in September.

The Fed's next meeting is scheduled for October 28-29. Traders believe another rate cut is the most likely scenario, Bloomberg reports.

The Fed said in a statement that economic activity growth in the first half of the year in the United States slowed, the unemployment rate rose slightly but remains low, and inflation rose and remains elevated.

US President Donald Trump has previously repeatedly called on Federal Reserve Chairman Jerome Powell to lower rates, suggested he might be fired, and also attempted to fire Fed Governor Lisa Cook.