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The price of borrowing starts to fall in the US.
I'm hopeful that there could be another decrease in the next couple of months that could benefit everybody within my particular industry.
We really have been monitoring our labor very closely and trying not to hire people unless we absolutely have to.
This is World Business Report from the BBC World Service.
I'm Sam Fennick, and yes, for the first time this year,
the world's most powerful central bank has cut interest rates.
But after heavy pressure from the president, the decision was far from unanimous.
And Donald Trump rolls into Britain with pomp pageantry and a $40 billion tech deal.
So, at long last, the US central bank has pulled the trigger on its first rate cut of the year,
trimming borrowing costs by a quarter point to a range of 4 to 4.25%.
The move comes as America's once-hot jobs market shows clear signs of cooling,
even as Donald Trump's tariffs threaten to push up prices.
Here's the chair of the Federal Reserve, Jerome Powell.
My colleagues and I remain squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people.
While the unemployment rate remains low, it has edged up.