Federal Reserve Chair Jerome Powell said interest-rate cuts are uncertain next year.Alex Wong/Getty ImagesThe Federal Reserve cut interest rates in its final decision of the year.It also penciled in two interest-rate cuts in 2025.Still, Powell said that Trump's proposed trade policies pose economic uncertainty.President-elect Donald Trump's potential trade policies could change the Federal Reserve's plans in the coming year.On Wednesday, the Federal Open Market Committee announced its third consecutive interest-rate cut of the year, lowering rates by 25 basis points.
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asheffey@businessinsider.com (Ayelet Sheffey), Business Insider
Wed, 12/18/2024 - 2:29pm
Topics: federal reserve chair jerome powell alex wong/getty imagesthe federal reserve president-elect donald trump federal open market committee summary economic projections dow jones industrial average december honestly china mexico canada additionally october business insider powell fed jerome powell powell federal reserve penciled final interest-rate cuts uncertainty around trump's year policy good rates economy decision coming policies trade plans tariffs points proposed wednesday announcement pose inflation price predictions consumer slower place
BING NEWS:
- US Fed cuts rate by quarter-point in third straight reduction
The US Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of cuts ahead, amid uncertainty about inflation and ...
12/18/2024 - 11:00 am | View Link - Fed cuts interest rates, delivering relief for borrowers at last meeting before Trump takes office
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday, delivering relief for borrowers at the central bank's last meeting before President-elect Donald Trump takes ...
12/18/2024 - 8:38 am | View Link - The Fed penciled in 2 interest-rate cuts for 2025 — but Powell said nothing is final given the uncertainty around Trump's trade policies
After the Federal Reserve cut interest rates in its final decision of the year, Powell said tariffs could add uncertainty to the central bank's plans.
12/18/2024 - 8:29 am | View Link - US Fed cuts key rate a quarter point and signals fewer cuts ahead
The US Federal Reserve cut interest rates by a quarter point Wednesday and signaled a slower pace of cuts ahead, as uncertainty grows over inflation and President-elect Donald Trump's economic plans.
12/18/2024 - 7:35 am | View Link - US Fed Cuts Key Rate a Quarter Point, Signals Fewer Cuts Ahead
In updated economic forecasts published alongside the decision, members of the Fed's rate-setting committee penciled in just two quarter-point rate cuts in 2025, down from an ...
12/18/2024 - 7:23 am | View Link - More
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