Fed cuts key interest rate a quarter-point but signals ongoing concerns about inflation
www.nbcnews.com
Just as the pace of consumer price increases has meaningfully slowed, concerns about the impact of Trump's economic proposals have quickened.

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.

  • cAUzapNEAGLb@lemmy.world
    91·
    10 days ago

    Literally just fixed itself, just in time for the economy to be fucked to hell again by the antichrist.

    • shortwavesurfer@lemmy.zip
      12·
      10 days ago

      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.