The Fed lowers rates by 25 basis points for the second consecutive time

The Federal Reserve has announced a 25 basis point cut in interest rates, marking the second consecutive reduction. This move brings borrowing costs to their lowest level since 2022. This decision follows a similar rate cut in September, reflecting ongoing concerns among policymakers. They have noted increasing risks to employment in recent months. Despite these cuts, inflation has risen since the beginning of the year and remains somewhat elevated, complicating the economic landscape.