US central bank lowers interest rates by quarter point as new Trump term looms

Rates are now at 4.5% to 4.75%, after two reductions by the Federal Reserve starting in September

The US Federal Reserve lowered interest rates by a quarter point on Thursday, knocking them down for the second time in a row as inflation continues to ease and a Trump presidency hangs over the central bank.

Rates now stand at 4.5% to 4.75%, down from a decades-high level of 5.25% to 5.5%. The Fed lowered interest rates for the first time since 2020 in September, by a half point.

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US central bank lowers interest rates by quarter point as new Trump term looms

Topics

Related

European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target

European Central Bank, seeing no signs of recession, cuts interest rates again

Federal Reserve lowers rates by a quarter point

Bank of England cuts UK interest rates again despite modest budget-related inflation spike

Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls

Federal Reserve cuts interest rates by a quarter point

The Federal Reserve lowers interest rates by 0.25 percentage points

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