Federal Reserve is set to cut rates again while facing a hazy post-election outlook

Federal Reserve set to cut rates again while facing a hazy post-election outlook

No one knows how Tuesday's presidential election will turn out, but the Federal Reserve's move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when…

Federal Reserve to Cut Rates Again Despite Unclear Post-Election Outlook

Two days after the election, the Federal Reserve will cut rates again.

Federal Reserve Set To Cut Rates Again Despite Hazy Post-Election Outlook

Mr. Powell will likely field questions at his news conference Thursday about the presidential race and how it might affect the economy and inflation.

Bank of England set to lower interest rates as Budget dampens bets for 2025

The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government’s first Budget will push up inflation. Analysts predict members of the Monetary Policy Committee (MPC) will vote to cut the central bank’s base rate by a quarter-point to 4.75 per cent at their next meeting on Thursday. Official figures last month boosted hopes of a cut as inflation fel…

Federal Reserve is set to cut rates again, facing a hazy post-election outlook

The Fed’s future actions, though, will become more unsettled once a new president and Congress take office in January.