🌟 Latest News from the Fed 🌟

Rate Cut: The Federal Reserve of the United States has announced a new cut of 25 basis points in the benchmark interest rate, bringing it to a range of 4.25% to 4.50%2. This is the third consecutive cut and aligns with market expectations.

Inflation and Projections: The Fed has revised its inflation forecast for next year upwards, from 2.1% to 2.5%. Despite the rate cuts, inflation in the United States rose to 2.7% annually in November3.

Impact on Markets: Wall Street markets reacted negatively to the Fed's decision, with the Dow Jones losing 2.58%, the Nasdaq 3.56%, and the S&P 500 2.95%.

Future Outlook: The Fed has indicated that it only contemplates two additional rate cuts of a quarter percentage point each in 2025, fewer than the four reductions previously announced. The Fed Chairman, Jerome Powell, mentioned that the entity is "significantly close" to ending its cycle of cuts3.

These are some of the most relevant news about the Fed today. If you need more information or have any other questions, let me know! 🚀📈📊