The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with most expecting a pause in late January amid concerns about rising inflation risks.
President-elect Donald Trump’s proposed policies, from import tariffs to tax cuts, are expected to be inflationary. Trump is expected to move quickly on his agenda soon after he is inaugurated on Jan. 20.
News on Friday that the U.S. job market continued to cool but remained relatively resilient solidified expectations the Fed can afford to cut interest rates again before taking stock on government policy early next year.
Indradip Ghosh | Yahoo Finance