The Federal Reserve cut its interest rate target on Wednesday for the first time since President Donald Trump entered his second term, signaling a pivot toward easing monetary policy.

After a two-day meeting of its monetary policy committee in Washington, D.C. , the Federal Open Market Committee announced it would move its rate target to a range of 4% to 4.25%, down from 4.25% to 4.50%.

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The officials indicated that two more quarter-percentage-point cuts are expected this year, although the Fed board was divided over the matter.

Investors widely expected the move. It

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