PANews reported on November 8 that the Federal Reserve cut its benchmark interest rate by 25 basis points to 4.50%-4.75%, the second consecutive rate cut, in line with market expectations. This decision was unanimous, and the wording of the policy statement remained basically unchanged, continuing to emphasize the close attention to the risks of the dual goals, but deleting the sentence "more confident that inflation is moving sustainably toward the goal", without sending a clear signal about future rate cuts, nor commenting on the results of the US election in any way.
The Federal Reserve cut interest rates by 25 basis points as expected
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