Reported 17 days ago
The Federal Reserve has cut interest rates by 25 basis points, marking its second consecutive reduction since September, following Donald Trump's election. The new rate range is now 4.5%-4.75%, intended to support the central bank’s goals of price stability and employment. Despite mixed economic signals, with inflation readings and job growth showing uncertainty, the decision was widely anticipated. Fed Chair Jerome Powell emphasized that the changes in the Fed's language do not indicate a pause in rate cuts, while also sidestepping questions about potential economic impacts from Trump's administration.
Source: YAHOO