TPW DESK 
Fed trims policy rate as inflation cools
The Federal Reserve on Sept. 17 cut its benchmark interest rate by 25 basis points, moving to a 4.00%–4.25% target band. Officials said the reduction reflects easing inflation pressures and a desire to support slowing economic momentum while retaining flexibility if conditions shift.
Markets rally, dollar weakens
Equities rose and long-term Treasury yields fell after the announcement, while the dollar slipped against major currencies. Fed Chair Jerome Powell signalled that further moves will depend on incoming data, leaving markets to parse the central bank’s guidance on the timing of future cuts.
