
US Federal Reserve Lowers Rates
How much further and how fast rates will fall next year remains increasingly uncertain with inflation still lodged above the Fed's 2 per cent target, the economy growing faster than expected, and the prospect that President-elect Donald Trump's tariff, tax and immigration policies could change the economic landscape in unpredictable ways once he takes office in January.
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In their most recent set of quarterly projections in September, Fed officials anticipated cutting the benchmark rate by another full percentage point to put it at around 3.4 per cent by the end of 2025.

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