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2024-11-07 19:30:11
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feeds.bbci.co.uk_2 on Nostr: The Federal Reserve has cut its key interest rate by 0.25 percentage points, putting ...


The Federal Reserve has cut its key interest rate by 0.25 percentage points, putting it in the range of 4.5%-4.75%. This marks the second drop in a row, following a rate cut in September. The move is seen as a response to the election of Donald Trump as president, which has raised uncertainty about the future of borrowing costs. Forecasters have been expecting further rate cuts, but warn that Trump's plans for tax cuts, immigration, and tariffs could keep pressure on inflation and drive up government borrowing.

#DonaldTrump #mainstream #politics

Donald Trump's plans for tax cuts and tariffs raise questions about much further the Fed might cut.
https://www.bbc.com/news/articles/cn4v7vwgqj0o

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