Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
The Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that angered Americans and helped drive Trump’s election victory.
In my opinion, something is going to break within 6 months.
The inflation is still high and the danger of recession is still here.
I think it will take longer than that, there's still a lot of rich people who don't think Trump will really do the tariffs or the mass deportation. Once it becomes clear that is really happening the economy will likely start getting all kinds of messed up fast.
Also, as others have told you, inflation is actually low again currently and that is why rates are coming down now. This is the "soft landing" that everyone was talking about, just in time for Trump to take the helm.
What post election uncertainty?
The uncertainty over what Trump might break with his buffoonery.
I bet they cut it a half point after January.