The Federal Reserve (Fed) announced yesterday a drop in interest rates in the United States of a quarter of a point, which constitutes its third and final decrease of the year and the third consecutive since September.
The reference rate is thus in a range of 4.25% to 4.5%, the US central bank reported in a statement, one point less than before starting the cuts. In line with the statements it usually publishes, the Fed explained that in order to consider additional adjustments, incoming economic data and future risks will be “carefully evaluated.”
“The Federal Open Market Committee (FOMC) seeks to achieve maximum employment and inflation at a rate of 2% in the long term. The Committee believes that the risks to achieving its employment and inflation objectives are approximately balanced.
“The economic outlook is uncertain,” said the statement published at the end of their two-day meeting. The median of the Fed governors’ forecasts indicated in another report that two more cuts are expected for 2025 to reach 3.9% (the equivalent of a range of 3.75% to 4%).
