It is the second consecutive decline since September. The reference rate is therefore in a bandwidth of 4.5% to 4.75%.
The Federal Reserve (Fed) announced an interest rate cut in the United States by a quarter of a percentage point on Thursday second consecutive fall since September, two days after the American elections, which gave Republican Donald Trump victory.
You can find the reference interest rate for the rates here in a range of 4.5% to 4.75%the US central bank reports in a statement in which it gives no indications about future declines.
The announced decline is in line with what economists expected, so there were no surprises.
In line with the statements it typically issues, the Fed explained that to consider additional adjustments, both incoming economic data and future risks will be “carefully evaluated.”
“The Federal Open Market Committee (FOMC) is committed to supporting maximum employment and returning inflation to the 2% target,” the statement said.
According to the Fed, recent economic indicators indicate that economic activity has continued to grow “at a robust pace” and that risks to achieving employment and inflation targets are “roughly balanced.”
Yet “the economic outlook is uncertain and the Committee is alert to the risks to both sides of its dual mandate.”
Source: EITB
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