Snapshot 3:Fri, Nov 8, 2024 6:01:44 PM GMT last edited by MattKalman

Fed Cuts Rates, Markets Soar After Trump Victory

Fed Cuts Rates, as Markets Soar After Trump's Victory

Published NOV 8 2024

Fed Cuts Rates, Markets Soar After Trump Victory

story

Above: Jerome Powell, chairman of the US Federal Reserve, during a news conference Nov. 7, 2024. Image credit: Ting Shen/Contributor/Bloomberg via Getty Images

The Spin

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Townhall

Don't start celebrating this announcement as some sort of product of Trump's reelection just yet. This cut was made possible because inflation significantly cooled under the Biden administration. But there's a softening job market, and if Trump goes through with some of his promised economic policies another rate cut may not come, or worse, the economy could head in the opposite direction.

The Washington Post