Reaction from Trump world shows the fight is now over who gets credit for what looks like a soft economic landing: "Why couldn't this wait until the day after the election?"

Republican presidential candidate Donald Trump said the Federal Reserve’s decision to lower its benchmark interest rate by a half percentage point was a “political move” and that a smaller cut would have been preferable.

The Federal Reserve reduced the federal funds rate by 50 basis points, marking the first time it has dropped rates since March 2020.