Washington, Nov 7, 2024 (AFP) - US Fed rate cut plans likely unchanged by Trump victory

NAMPA / AFP

2024-11-07

The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday, looking beyond the election results to continue easing borrowing costs on the back of cooling inflation. The US central bank sits just a short walk from the White House, where Democratic President Joe Biden will soon hand back the keys to Donald Trump following the Republican's election win. Despite the political whiplash, analysts expect Fed policymakers......

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