Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

U.S. Interest Rates Drop—Is the Fed Signaling More Relief Ahead?

Daniel Kim Views  

 Yonhap News
Yonhap News

The Federal Reserve (Fed), the U.S. central bank, has implemented another interest rate cut following its previous reduction in September.

The Fed concluded Thursday’s two-day Federal Open Market Committee (FOMC) meeting and announced the decision to lower the benchmark interest rate by 0.25%. The new range is set at 4.50%—4.75%, down from the previous 4.75%—5.0%. This reduction follows the largest reduction in four and a half years of 0.5% from the FOMC meeting held in September. Consequently, the interest rate gap between South Korea (3.25%) and the U.S. has narrowed to 1.50%.

The Fed indicated that recent economic indicators point to a continued robust expansion of economic activity. While labor market conditions have generally eased since the start of the year, resulting in a slight increase in unemployment, the rate remains low.

“The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate.”

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • China’s Plan to Outmaneuver US Restrictions in Chip Manufacturing
  • Amazon at Risk of Massive Fines as EU Investigates Digital Markets Act Violation
  • Taiwan’s AI Strategy: Is $3 Billion Enough to Rival China’s Dominance?
  • Exxon Mobil Invests $200M in Texas to Process 1 Billion Pounds of Plastic Waste—Here’s What That Means
  • PayPal Faces Two-Hour Outage: Crypto Market Surges as Bitcoin Reaches $98,000
  • Bezos Denies Telling Musk to Sell Tesla & SpaceX Shares: The Epic Feud Continues

Weekly Best Articles

  • What Are Those White Spots on Your Nails? Here’s What They Could Mean
  • 6 Types of Pain You Should Never Ignore—Calll Your Doctor Right Now
  • How to Cut Sugar Without Cutting the Flavor: Top Ingredients to Replace Sugar
  • Turn Your Walk into a Workout: 2 Easy Ways to Up the Intensity
  • Czech Christmas Magic: 5 Traditions That Bring the Holiday Season to Life
  • Why Cutting Calories and Hitting the Gym Isn’t Enough for Weight Loss
  • 10 Things You Didn’t Know About Deepfake Technology
  • World’s Top 10 Most Expensive Commercial Spaces—Here’s What’s Behind the Surge
  • Is This the Real North Korea? Shocking Pyongyang Footage Exposes What’s Happening Inside
  • Chinese-Made Winter Clothes for Kids Found Contaminated with Dangerous Chemicals
  • Kim Jong Un Declares War on U.S. Policy—Is This the End of Talks for Good?
  • Wicked’s Soundtrack Drops—And It’s Everything Fans Have Been Waiting For

You May Also Like

  • 1
    Chinese-Made Winter Clothes for Kids Found Contaminated with Dangerous Chemicals

    DEBATE 

  • 2
    Kim Jong Un Declares War on U.S. Policy—Is This the End of Talks for Good?

    WORLD 

  • 3
    Wicked’s Soundtrack Drops—And It’s Everything Fans Have Been Waiting For

    ENTERTAINMENT 

  • 4
    Oreshnik Missile: Putin’s Latest Weapon That No One Can Stop—What Does It Mean for Ukraine?

    WORLD 

  • 5
    Who Is North Korea’s Secret Weapon in Russia? The Mystery Behind Col. Gen. Kim Young Bok

    DEBATE 

Popular Now

  • 1
    North Korea Shows Off Its Most Dangerous Weapons Yet—Is the World Ready?

    ASIA&nbsp

  • 2
    North Korean General Among First Casualties in Ukraine Conflict—What Does It Mean for Kim Jong Un?

    WORLD&nbsp

  • 3
    North Korean Hackers Steal $41 Million in Ethereum – Now Worth $1.05 Billion

    WORLD&nbsp

  • 4
    Kim Jong Un Declares No More Talks with U.S.: ‘We’ll Strengthen Our Military to Counter Aggression’

    ASIA&nbsp

  • 5
    North Korea Fires Off Furious Statement After UN’s Human Rights Resolution Vote

    ASIA&nbsp

Weekly Best Articles

  • What Are Those White Spots on Your Nails? Here’s What They Could Mean
  • 6 Types of Pain You Should Never Ignore—Calll Your Doctor Right Now
  • How to Cut Sugar Without Cutting the Flavor: Top Ingredients to Replace Sugar
  • Turn Your Walk into a Workout: 2 Easy Ways to Up the Intensity
  • Czech Christmas Magic: 5 Traditions That Bring the Holiday Season to Life
  • Why Cutting Calories and Hitting the Gym Isn’t Enough for Weight Loss
  • 10 Things You Didn’t Know About Deepfake Technology
  • World’s Top 10 Most Expensive Commercial Spaces—Here’s What’s Behind the Surge
  • Is This the Real North Korea? Shocking Pyongyang Footage Exposes What’s Happening Inside
  • Chinese-Made Winter Clothes for Kids Found Contaminated with Dangerous Chemicals
  • Kim Jong Un Declares War on U.S. Policy—Is This the End of Talks for Good?
  • Wicked’s Soundtrack Drops—And It’s Everything Fans Have Been Waiting For

Must-Reads

  • 1
    Chinese-Made Winter Clothes for Kids Found Contaminated with Dangerous Chemicals

    DEBATE 

  • 2
    Kim Jong Un Declares War on U.S. Policy—Is This the End of Talks for Good?

    WORLD 

  • 3
    Wicked’s Soundtrack Drops—And It’s Everything Fans Have Been Waiting For

    ENTERTAINMENT 

  • 4
    Oreshnik Missile: Putin’s Latest Weapon That No One Can Stop—What Does It Mean for Ukraine?

    WORLD 

  • 5
    Who Is North Korea’s Secret Weapon in Russia? The Mystery Behind Col. Gen. Kim Young Bok

    DEBATE 

Popular Now

  • 1
    North Korea Shows Off Its Most Dangerous Weapons Yet—Is the World Ready?

    ASIA 

  • 2
    North Korean General Among First Casualties in Ukraine Conflict—What Does It Mean for Kim Jong Un?

    WORLD 

  • 3
    North Korean Hackers Steal $41 Million in Ethereum – Now Worth $1.05 Billion

    WORLD 

  • 4
    Kim Jong Un Declares No More Talks with U.S.: ‘We’ll Strengthen Our Military to Counter Aggression’

    ASIA 

  • 5
    North Korea Fires Off Furious Statement After UN’s Human Rights Resolution Vote

    ASIA