From CNBC: 2024-11-07 14:36:05

The Federal Reserve approved a second interest rate cut, lowering the benchmark rate to 4.50%-4.75%. The move was widely expected and unanimous. The Fed’s post-meeting statement reflected a balanced view of employment and inflation goals. The decision comes amid a changing political backdrop with President-elect Donald Trump’s victory raising uncertainty about future policy.

Read more: Fed rate decision November 2024: