Fed Cuts Interest Rates Again—But Uncertainty Swirls As Trump Policies Could Fuel Inflation
Fed Chairman Jerome Powell, right, alongside President-elect Donald Trump in 2017. At the conclusion of the policy-setting Federal Open Market Committee’s two-day meeting, the central bank announced it cut the federal funds rate by 25 basis points to 4.5 ...
In a statement after a two-day meeting, the Fed steered clear of any references to Trump or the election. "In the near term ...
In July, before Trump was elected, the Fed chair was asked whether he intended to serve out the remainder of his term, and ...
“Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains ...
"Concerns that higher tariffs will drive up inflation has prompted markets to price out some Fed rate cuts next year," said ...
But the core measure, which excludes food and energy costs, remained higher at 2.7% year over year. So why isn’t the Fed ...
The decision will be announced at 2 p.m. Washington time, with Jerome Powell holding a press conference 30 minutes later.
Thursday’s rate cut comes after the Fed cut interest rates for the first time in four years back in September, a positive ...
Big swings were the backdrop for the Federal Reserve’s interest rate decision and Chair Jerome Powell’s subsequent press ...
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