Good morning. Just two days after the U.S. presidential election, the Federal Reserve will announce this afternoon whether it has decided to implement a second rate cut this year.
This comes after the Fed announced a 50-basis point cut to its benchmark interest rate in mid-September, the first cut in four years. For now, the central bank remains on course to cut interest rates another 25 basis points, Mark T. Williams, a former bank examiner for the Federal Reserve, told me. This decision is supported by strong employment numbers and inflation trending down to Fed target rates, he said.
