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US Federal Reserve Lowers Interest Rate Amid Political Transition

The US Federal Reserve has reduced interest rates by 0.25 percentage points, bringing the new range to 4.50-4.75%. This decision, announced by Fed Chair Jerome Powell, follows a previous cut in September and aims to prevent market surprises after Donald Trump’s presidential victory. Experts suggest that the Fed remains cautious, with Powell indicating the central bank won’t adjust its policy in response to the election results. Inflation is nearing the Fed’s target of 2%, and the economy shows stability, which may affect future rate decisions as Trump’s fiscal policies unfold.

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