The reference interest rate is therefore between 4.25% and 4.5%. There are expected to be two cuts in 2025, up to 3.9% (the equivalent of a range of 3.75% to 4%).
The Federal Reserve (Fed) announced an interest rate cut in the United States on Wednesday a quarter pointthat forms his third and final descent of the year and the third consecutive since September.
The reference rate of the types are therefore in a range from 4.25% to 4.5% The US central bank reported in a statement one point less than before the cuts.
In line with the statements it typically issues, the Fed explained that to consider additional adjustments, incoming economic data and future risks will be “carefully evaluated.”
“The Federal Open Market Committee (FOMC) targets maximum employment and inflation of 2% over the long term. The Committee views the risks to achieving its employment and inflation objectives as approximately balanced. “The economic outlook is uncertain,” said the statement released at the end of their two-day meeting.
The median of Fed governors’ forecasts indicated in another report that two more cuts are expected before 2025. up to 3.9% (equivalent to a range of 3.75% to 4%).
These figures show that the majority of members believe there will be a decline in the coming year, although this does not necessarily mean there will be one.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
