The Federal Reserve has reduced its benchmark interest rate by 25 basis points, adjusting the federal funds rate to a target range of 4.50% to 4.75%.

This decision follows a previous 50 basis point cut in September, reflecting the central bank’s ongoing efforts to balance economic growth with inflation control.

Recent economic indicators suggest a solid expansion, though job gains have slowed, and the unemployment rate has risen slightly, remaining low overall.

Inflation has progressed toward the Federal Reserve’s 2% objective but remains somewhat elevated, prompting the rate adjustment.

Analysts anticipate that the Federal Reserve will implement additional 25 basis point cuts in its upcoming meetings to further support economic stability.

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