fed lowers interest rates as inflation nears target amid strong growth

The recent victory of President Trump has led to the Federal Reserve announcing a reduction in interest rates. Chairman Jerome Powell has emphasized that the U.S. economy is performing better than many other major industrialized nations, with strong growth and a decrease in inflation rates.

This indicates a stable economic environment, which is closely monitored by the Fed through a fixed basket of goods reflecting American consumer spending habits. The decision to lower interest rates by the Fed demonstrates a proactive approach to sustaining economic momentum while managing inflationary pressures.

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