November FOMC meeting recap: Fed cuts rates by quarter point At the ... 10 showed inflation cooling to its lowest level since February 2021, with a 2.4% year-over-year increase in consumer ...
As the Federal Reserve convenes to discuss interest rate cuts, the backdrop of an unresolved presidential election adds complexity to their deliberations.
The previous 23-year high remained stagnant since July 2023 until September's meeting, marking the new range of 4.75% to 5%. "The (Fed) has gained greater confidence that inflation is moving ...