The Fed has announced its interest rate decision

In its November meeting, the Fed cut the policy rate by 25 basis points, in line with market expectations.

The US Federal Reserve (Fed) began its interest rate cutting cycle after more than 4 years in its September meeting, lowering interest rates from their highest level in 23 years.

In line with expectations, the Fed lowered the policy rate by 25 basis points and set the new interest rate range at 4.50% to 4.75%.

This step is considered a significant development, especially when considering the upcoming presidential elections in the US and economic growth dynamics.

Experts state that with this interest rate cut, the Fed aims to support economic recovery and provide more flexibility toward inflation targeting.