Federal Reserve Expected to Cut Interest Rates

The US Federal Reserve is expected to cut interest rates by 25 basis points during its upcoming meeting, closely following Donald Trump's election as president. Market predictions indicate a significant probability of additional cuts in December, as the Fed aims to ease borrowing costs amidst cooling inflation. Analysts believe that Trump's presidency could influence economic policies, potentially leading to inflationary pressures through proposed tax cuts and increased tariffs. The Fed's recent actions, including a half-point cut in September, show a shift from a previously aggressive stance against inflation. Despite a slowdown in hiring, the economy remains resilient, and inflation has eased to approximately 2.1%. The Fed's decision on interest rates is anticipated to have a broad impact on both domestic and global markets.