Fed Maintains Current Rate Cut Plans, for the Time Being
For now, the US presidential election results haven’t shifted the Federal Reserve’s plans. As widely expected, the central bank cut the federal-funds rate by 0.25 percentage points to a target range of 4.50%-4.75%. The Fed has cut a cumulative 0.75 points since it started lowering rates in September 2024. Before that, the target had been […]