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 Thursday. The Fed sits just a short walk from the White House, where Democratic President Joe Biden will in January hand back the keys to Trump following the Republican's election win. But as expected, policymakers ignored the political drama playing out up the road, voting unanimously to redu......

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