Fed lowers rates but sees slower pace of further cuts, firmer inflation
Inflatie
WASHINGTON: The US central bank lowered interest rates by a quarter-percentage point on Wednesday (Dec 18), but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs hinge on further progress in bringing down stubbornly high inflation , remarks that showed policymakers are beginning to reckon with the prospects for sweeping economic change under an incoming Trump administration. Powell's explicit - and repeated - references to the need for caution from here jolted Wall
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