Reported 17 days ago
The Federal Reserve has cut interest rates by 25 basis points, reducing the benchmark rate to a range of 4.5%-4.75% to support its dual mandate of stable prices and maximum employment. Despite mixed economic indicators, including persistent inflation and a weakening job market, the decision came as a widely anticipated move in light of economic conditions. Fed Chair Jerome Powell addressed the potential implications of Donald Trump's presidency on future monetary policy, stating that the Fed's focus remains on data-driven decisions.
Source: YAHOO