US Federal reserve cuts: Interest rates slashed for the first time this year

The US Federal Reserve has lowered interest rates by a quarter point -- and has signalled more cuts could be coming. It's the first drop in the cost of borrowing since President Donald Trump began his second term. Al Jazeera’s Patty Culhane reports from Washington DC. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.io/AJEMobile #FederalReserve #InterestRates #USEconomy #USFederalReserve #RateCuts #EconomicPolicy #MonetaryPolicy #USFinance #BorrowingCosts #TrumpEconomy #AlJazeeraEnglish