Stocks slide as US central bank signals slower pace of rate cuts

Quick Summary:

The Federal Reserve warned it would be cautious about more interest cuts in the face of inflation concerns.

Analysts have also warned that policies backed by president-elect Donald Trump, including plans for tax cuts and widespread import tariffs, could put upward pressure on prices.

Wednesday's rate cut - formally opposed by one Fed policymaker - is the last by the central bank before president-elect Donald Trump takes office.

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Article Details

Category: Business

Markets: United KingdomHong KongJapan

Topics: Expected Economic Inflation Rate Progress Rates Last Prices Bank Cuts

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 02:43:20 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 926 words

Reading Time: 6 minutes read

Sentences: 32 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 24581123

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Official Website: bbc.co.uk

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News Last Updated: 19 hours ago

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