The Federal Reserve cut its key overnight lending rate again on Thursday, following on the heels of a half-point cut in mid-September.

Though the Fed was already set to cut rates at least once more before the end of 2024, the modest 0.25% rate cut targeting 4.5%–4.75% indicates that the central bank is proceeding with caution in light of a Donald Trump Administration.

The Fed on Thursday cut interest rates for the second time this year, opting to lower its target rate by a quarter of a percentage point.

The Federal Reserve’s Open Market Committee (FOMC) did the expected, cutting the federal funds rate by  0.25%. That means the rate paid by banks will fluct

The job market is slowing but consumer spending is strong, posing a riddle for central-bank officials as they reduce interest rates.

The US Federal Reserve is widely expected to cut interest rates again this week, while votes are being counted in one of the closest-fought presidential races in decades.