General World News

Fed cuts interest rates by 25 bps, but Trump’s victory sows doubts on future moves

One day after Donald Trump’s victory in the U.S. presidential election, officials at the Federal Reserve announced their decision to cut the benchmark interest rate by 25 basis points to a target range of 4.5% to 4.75%, a move that aligned with market expectations. 

The reduction, made public on Thursday afternoon, was more modest than the 50-bps cut imposed after the Fed’s September meeting, which can be attributed to mixed signals from the U.S. economy.

“Recent indicators suggest that economic activity has continued to expand at a solid pace,“ Fed details ⇒

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