At the meeting of the Federal Reserve's monetary policy committee (FOMC) on December 17-18, a decision was made to lower the interest rate by 0.25 percentage points to the range of 4.25-4.50 percent. This means that the interest rate has been lowered by a full percentage point since September.
However, many members also expressed, according to the protocol, opinions that it is wise to slow down the pace of rate cuts.
Unrelenting price increases, mixed labor market statistics, and concerns that the incoming President Donald Trump's economic policy will fuel inflation are increasing concerns.
Immediately after the December meeting, the Fed signaled that only two rate cuts are expected this year.
However, when the protocol was released, the stock market still fell back on a broad front in New York, but then rose again and two out of three major indexes ended on a plus.
