Al Jazeera’s Mike Hanna joins reside from Washington DC. He says that is the third consecutive fee reduce this yr, reflecting the Fed’s confidence in a secure financial system with inflation at 2.1% and unemployment at 4.2%. Hanna explains that future fee cuts at the moment are anticipated to be fewer than initially projected. He additionally discusses the potential impression of president-elect Trump’s tariff plans, noting the Fed’s cautious strategy to keep away from inflation dangers and preserve independence.
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