HOUSTON, Aug. 1 (Xinhua) -- A fire burns at an ExxonMobil plant in Baytown, about 40 km east of downtown Houston, Texas, the United States, July 31, 2019. A total of 37 people were treated for injuries and the fire has been isolated and contained, according to ExxonMobil. Jason Duncan, the plant manager, told a press conference on Wednesday afternoon that all those injured were not life threatening. According to Duncan, the fire was a result of an explosion at the plant, and what is on fire now is propane and propylene, a light hydrocarbon mixture.

WASHINGTON, AUG 1 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell reacts during a press conference in Washington D.C., the United States, on July 31, 2019. U.S. Federal Reserve on Wednesday lowered interest rates for the first time since the 2008 global financial crisis, amid rising concerns over trade tensions, a slowing global economy and muted inflation pressures. The Federal Open Market Committee, the Feds rate-setting body, trimmed the target for the federal funds rate by 25 basis points to a range of 2 percent to 2.25 percent after concluding its two-day policy meeting, in line with market expectation.

WASHINGTON, Aug. 1, (Xinhua) -- Photo taken on July 31, 2019 shows U.S. dollar banknotes in Washington D.C., the United States. U.S. Federal Reserve on Wednesday lowered interest rates for the first time since the 2008 global financial crisis, amid rising concerns over trade tensions, a slowing global economy and muted inflation pressures. The Federal Open Market Committee, the Feds rate-setting body, trimmed the target for the federal funds rate by 25 basis points to a range of 2 percent to 2.25 percent after concluding its two-day policy meeting, in line with market expectation.