Fed cuts interest rates by 25 bps, but Trump’s victory sows doubts on future moves
Thursday, 7 November 2024 ()
Monetary policy watchers see modest rate cuts — or no cuts at all — on the horizon as a Trump administration is likely to expand government spending and boost consumption, putting more pressure on the Fed’s mission to bring inflation back to its 2% target.
Monetary policy watchers see modest rate cuts — or no cuts at all — on the horizon as a Trump administration is likely to expand government spending and boost consumption, putting more pressure on the Fed’s mission to bring inflation back to its 2% target.
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