Washington, Dec 18, 2024 (AFP) - US Fed cuts key rate a quarter point, signals fewer cuts ahead

NAMPA / AFP

2024-12-18

The US Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of cuts ahead, as uncertainty grows over inflation and President-elect Donald Trump's economic plans. Policymakers voted 11-to-1 to lower the US central bank's key lending rate to between 4.25 percent and 4.50 percent, the Fed announced in a statement. The sole holdout, who supported keeping rates where they were, was Cleveland Fed President Beth Ham......

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