The Fed announced lower interest rates, with plans to lower the rate two more times this year, and Florida Gov. Ron DeSantis discussed his plan to eliminate property taxes.

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Federal Reserve cuts key rate by quarter-point, signals two more cuts this year

The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.

The move is the Fed 's first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on infla

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