The Federal Reserve is set to announce a decision on cutting interest rates following a historic US presidential election. The central bank is expected to reduce rates by a quarter point at the end of its two-day policy meeting. This move is anticipated as inflation continues to show a downward trend.
Investors are eagerly awaiting comments from Fed Chair Jerome Powell during his post-meeting press conference. They hope to gain insights into the future pace of rate cuts, especially in light of the economic policies advocated by the re-elected President.