US Federal Reserve set to cut interest rates as Trump prepares for second term

Quick Summary:

Analysts expect a slower path of rate cuts next year as they have concerns about some of Trump’s key policy initiatives.

While the Fed has a mandate to act independently of Congress as it tackles inflation and unemployment, it still has to consider the effects of the government’s fiscal policy on the world’s largest economy.

The Federal Reserve has cut rates by 0.75 percentage points since September.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Agence France-Presse

Category: Business

Markets: Hong Kong

Topics: Reserve Rate Last Meeting Announce Expected Wednesday Quarter Policy Inflation Federal

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-15 @ 12:25:30 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 197 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24410481

View Article Analysis

About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 7 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 4 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

Frequently Asked Questions