It was the first meeting of the FOMC since former President Donald Trump’s election victory. Policymakers have said repeatedly that the Fed is apolitical and that their calls on interest rates are driven by economic conditions.

The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.

The Federal Reserve will issue interest rate decision on Nov. 7. See how markets might expect the Fed to interpret the job report and the latest inflation data.

The Federal Reserve’s Open Market Committee (FOMC) did the expected, cutting the federal funds rate by  0.25%. That means the rate paid by banks will fluct

The FOMC, led by chair Jerome Powell, trimmed key interest rates by 25 basis points while seeking to achieve maximum employment and inflation at the rate of 2%.

Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point.

With the Fed expected to cut its key borrowing benchmark for the second consecutive meeting, follow along to see what our expert staff of reporters, writers, editors and financial analysts are watching.