Washington, Nov 7, 2024 (AFP) - US Fed cuts interest rates a quarter point after Trump victory

NAMPA / AFP

2024-11-07

The US Federal Reserve shrugged off concerns about the impact of Donald Trump's election victory on interest rates and moved ahead with a quarter point cut on Thursday, looking to continue easing borrowing costs on the back of cooling inflation. The Fed sits just a short walk from the White House, where Democratic President Joe Biden will in January hand back the keys to Donald Trump following the Republican's election win. But as expected, Fed p......

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