Federal Reserve is set to cut interest rates again as post-election uncertainty grows
Thursday, 7 November 2024 () Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump’s presidential election victory. Yet the Fed’s future moves are now more uncertain in the aftermath of the election, given that Trump’s economic proposals have been widely flagged as potentially inflationary. His election has also raised the specter of meddling by the White House in the Fed’s policy decisions, with Trump having proclaimed that as president he should have a voice in the central bank’s interest rate decisions. The Fed has long guarded its status as an independent institution, operating free from political interference.
The November 5th election is more than just politics—it could redefine the future of gold, silver, and even the Federal Reserve itself. With Goldman Sachs now forecasting $3300/oz for gold and analysts projecting triple-digit silver, all eyes are on the metals market as uncertainty grows. What...
President Biden commented on the Federal Reserve’s recent interest rate cut during remarks at the Economic Club of Washington Thursday. Veuer’s Matt Hoffman has the story.
The Federal Reserve cuts interest rates half a percent, just in time for the election; the Teamsters Union refuses to endorse Kamala; and Israel unleashes a second round of targeted hits on Hezbollah.
New Yorkers share their thoughts as the US Federal Reserve cut its key lending rate by half a percentage point in its first reduction for more than four years. Wall Street shares bounced at the open..
Thursday, 7 November 2024 ()
![Biden Has Weighed in on the Fed’s Interest Rate Cut [Video]](https://video.newsserve.net/300/v/20240920/1388035174-Biden-Has-Weighed-in-on-the-Fed.jpg)
![Ep. 2051 - The Federal Reserve Rides To Kamala’s RESCUE! [Video]](https://video.newsserve.net/300/v/20240919/1726768624-Ep-2051-The-Federal-Reserve-Rides-To.jpg)
![US Fed rate cut splits opinions just weeks before election [Video]](https://video.newsserve.net/300/v/20240919/1387949674-US-Fed-rate-cut-splits-opinions-just-weeks.jpg)
