US Federal Decision #Powell

• The US Federal Reserve announced a few moments ago a 25 basis point cut in interest rates to 4.75% in the first decision of the Federal Reserve after Trump was announced as the winner of the US presidency.

The Federal Reserve decided to cut interest rates for the second time in a row, but this time it followed a less aggressive pace, continuing its efforts to achieve balance in monetary policy. The Federal Reserve announced a 25 basis point cut in interest rates to a target range of 4.50%-4.75%, a rate that usually affects the cost of consumer loans such as mortgages, credit cards and auto loans.

This cut was widely expected, as it was hinted at in the September meeting and statements by officials since then. The decision came unanimously after there was opposition in the previous meeting, as Governor Michelle Bowman approved the decision.

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