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Fed Poised for First 2025 Rate Cut as Weak Jobs Data Outweigh Inflation Concerns

  The Federal Reserve seal at its Washington, D.C. headquarters, where policymakers are set to decide on the first interest rate cut of 2025. The U.S. Federal Reserve is expected to lower its benchmark interest rate by 25 basis points today, marking its first rate cut of 2025 and the first since December last year. The move would bring the federal funds target range down to 4.00%–4.25%, as policymakers respond to slowing job growth and rising unemployment, even as inflation remains above the Fed’s 2% target. Recent labor market data showed just 22,000 jobs added in August, with earlier months revised downward, while the unemployment rate has climbed to around 4.3%. Inflation, measured by the Fed’s preferred PCE index, has edged higher in recent months, partly due to tariffs pushing up consumer prices. Markets have largely priced in the cut, with investors watching the Fed’s updated “dot plot” for clues on whether more reductions will follow in October and December. The decision ...
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France's Prime Minister Condemns Trump's Oval Office Clash with Zelenskyy

 


In a rare display of sharp criticism, French Prime Minister François Bayrou denounced former U.S. President Donald Trump's recent confrontation with Ukrainian President Volodymyr Zelenskyy. Speaking during a parliamentary debate in Paris, Bayrou described the Oval Office exchange as a "staggering show of brutality" aimed at humiliating Zelenskyy. 

The incident, which unfolded before global media, saw Trump allegedly pressuring Zelenskyy with threats, attempting to force concessions. Bayrou praised Zelenskyy for standing firm, stating, "President Zelenskyy did not fold, and I think we can show him our appreciation." His remarks were met with a standing ovation from French lawmakers.

This bold stance by Bayrou contrasts with the more measured tone adopted by French President Emmanuel Macron, signaling a divergence in diplomatic approaches within France's leadership. The episode has sparked widespread international debate about the dynamics of U.S.-Ukraine relations and the broader implications for global diplomacy.

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