Reported 18 days ago
The Federal Reserve lowered interest rates by 25 basis points to a range of 4.5%-4.75% shortly after Donald Trump's presidential election victory. This marks the second cut in seven weeks and aims to maintain stable prices and maximize employment. Fed Chair Jerome Powell indicated that recent changes in language regarding inflation do not suggest a pause in the rate-cutting cycle. Amid mixed economic signals, Powell affirmed his commitment to addressing inflation despite challenges posed by Trump's potential policies.
Source: YAHOO