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 second day of interest rate deliberations began at 9:00 am local time (1400 GMT) in Washington, as scheduled, the Fed said in a statement. The decision will be published at 2:00 pm local time, followed by a press conference from Fed Chair Jerome Po......

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