US Fed expected to trim rates again as Biden prepares to leave office, slower easing under Trump era

Quick Summary:

WASHINGTON, Dec 16 — The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate o...

The Fed has cut rates by 0.75 percentage-points since September, pivoting from prioritising its long-term inflation target of two per cent toward better supporting the labour market.

Given the slight uptick in inflation since then, some analysts now predict a possibly slower path of cuts next year.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaUnited States

Topics: Rate cuts US Federal Reserve Interest rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 07:00:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 688 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 24428212

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