The Fed is at it again down its policy rates in line with expectations by a quarter of a percentage point. The range of the new interest rates is 4.50–4.75 percent.
According to the unanimous decision of the Fed decision makers, the conditions in the US labor market have improved. The Fed’s goal is two percent inflation and as much employment as possible.
The Fed’s plans were not expected to change, even after winning the presidential election Donald Trump’s the economic policy plans, if implemented, would greatly accelerate inflation.