Fed cuts key interest rate a quarter point amid cooling inflation
Fed cuts key interest rate a quarter point amid cooling inflation
Just as the pace of consumer price increases has meaningfully slowed down, questions about the impact from Trump's economic proposals have begun to loom.
Summary
The Federal Reserve has lowered its key interest rate by a quarter point, marking progress toward its goals of low inflation and unemployment, with inflation returning to the target 2% level and unemployment at 4.1%.
However, President-elect Donald Trump's proposed economic policies, particularly his plan for expansive tariffs, could disrupt this stability.
Analysts warn that Trump’s $3 trillion tariff proposal may re-ignite inflation, potentially forcing the Fed to halt further rate cuts.
Although Trump favors low interest rates to drive growth, his inflationary policies may lead the Fed to act against his preferences.
Literally just fixed itself, just in time for the economy to be fucked to hell again by the antichrist.
yeah. fixed itself.
I hope he does because I'm super bearish on the US dollar. I hold a mortgage because it will be easier to pay that mortgage in the future than it is today and I hold Monero because it won't inflate to hell while the US dollar does.