7 sources·Business

Federal Reserve to Cut Interest Rates Again Amid Inflation Concerns

The Federal Reserve is poised to announce another rate cut while navigating ongoing inflation and the impact of Trump’s incoming administration.

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Updated: Dec 16th, 2024, 7:06 PM ET

Summary

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The Federal Reserve is expected to lower its benchmark interest rate to 4.25-4.50% during its December 2024 meeting, marking its third cut this year. Economists anticipate a slower pace of cuts in 2025 due to persistent inflation, currently at 2.7%, and potential inflationary pressures from policies proposed by President-elect Donald Trump. Recent job growth and rising wages complicate the Fed's efforts to balance growth and price stability. With inflation measures still elevated, the central bank must tread carefully as it approaches policy decisions in the coming year.

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