The Federal Reserve lowered its key interest rate by a quarter-point in response to declining inflation. This follows a larger cut in September, signaling the Fed’s focus on both job growth and inflation control. While inflation has fallen closer to the Fed’s target, it remains slightly elevated. The Federal Reserve lowered its key interest rate by a quarter-point in response to declining inflation. This follows a larger cut in September, signaling the Fed’s focus on both job growth and inflation control. While inflation has fallen closer to the Fed’s target, it remains slightly elevated. Economic Times
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