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In today’s big story, the Fed cutting interest rates yesterday was never really in doubt. What comes next isn’t as clear.
What’s on deck:
But first, more relief … for now.
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The big story
The Fed’s new conundrum
Americans got a bit more relief from the Fed, but questions are swirling about what the president-elect means for future plans.
The Federal Reserve cut interest rates by 25 basis points Thursday, its second-straight reduction since September in a move that was largely expected. Additional rate cuts aren’t as clear, though, as Donald Trump’s proposed widespread tariffs could slow down the Fed’s plans.
Economists have said Trump’s 10-20% blanket …