It’s still uncertain how Donald Trump’s additional tariffs would impact inflation, Powell said. On Wednesday, the U.S. Federal Reserve cut interest rates a quarter point in a widely-anticipated move. However, the central bank indicated there would be fewer cuts next year, as it braces for uncertainty stemming from the incoming Donald Trump administration’s policies. RELATED: […]

Since March 2022, the Federal Reserve had raised rates 11 times consecutively to combat inflation. Amid cooling inflation and a weakening labor market, the U.S. Federal Reserve on Wednesday cut interest rates by 50 basis points, a bolder move than many experts and media had previously anticipated. RELATED: Relatives of Victims of the U.S. Invasion […]