The Federal Reserve of the United States has decided to reduce the interest rate by 0.25 percentage points, reaching a range of 3.50%-3.75%, the lowest level in the last three years. This is the third reduction this year, but there is no consensus among Fed officials regarding the future direction of monetary policy. Fed Chairman Jerome Powell emphasized the difficulty of simultaneously managing a declining labor market and rising prices. Donald Trump, dissatisfied with the decision, stated that interest rates should be significantly lower. Although Fed projections suggest a single rate cut next year, inflation remains above the 2% target, and the unemployment rate has risen to 4.4%. The rate cut aims to stimulate the labor market, but inflation fueled by tariffs remains a major concern.
Sources
Latest News
22:58
The Oradea City Hall will turn on the public lighting an hour later to reduce energy consumption.
22:42
Volodymyr Zelensky dismissed Olha Stefanișena from the position of ambassador to the USA, in the context of allegations of embezzlement.
22:30
Switzerland: An outbreak of legionellosis in Basel has led to 26 cases / Authorities suspect cooling towers as the source of contamination
22:18
Unit 2 of the Cernavodă Nuclear Power Plant can operate for only five days due to the decrease in the Danube's water level.
21:57
At Mița, the cyclist turns off the architectural lighting of the facade to reduce energy consumption.
See more news