BREAKING NEWS!
SPONSOR: http://www.MarcinkoAssociates.com
By Staff Reporters
***
***
The Federal Reserve cut interest rates by a quarter of a percentage point just now, delivering relief for borrowers at the central bank’s last meeting before President-elect Donald Trump takes office next month. The central bank predicted fewer rate cuts next year than it had previously indicated, however, suggesting concern that inflation may prove more difficult to bring under control than policymakers thought just a few months ago.
The move marked the third consecutive interest rate cut since the Fed opted to start dialing back its fight against inflation in the fall. The FOMC has lowered interest rates by a percentage point in recent months.
However, the Fed’s forecast said it anticipates only a half a percentage point of rate cuts next year and another half-percent cut in 2026.
COMMENTS APPRECIATED
Subscribe and Refer
***
***
Filed under: "Ask-an-Advisor", Accounting, Breaking News, Funding Basics, Investing | Tagged: central bank, economy, fed, Federal Reserve, Federal Reserve Banks, finance, FOMC, inflation, interest rates, IRS, Jerome Powell, Marcinko, Trump | Leave a comment »














