Al Jazeera's Mike Hanna joins live from Washington DC. He says this is the third consecutive rate cut this year, reflecting the Fed's confidence in a stable economy with inflation at 2.1% and unemployment at 4.2%. Hanna explains that future rate cuts are now expected to be fewer than initially projected. He also discusses the potential impact of president-elect Trump's tariff plans, noting the Fed’s cautious approach to avoid inflation risks and maintain independence.
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#RateCut #FedRateCut #EconomyStability #Inflation #Unemployment #TariffPlans #Trump-Tariffs #FedIndependence #AlJazeeraEnglish
