Short-term U.S. interest rates are likely to be lower on Inauguration Day in 2025 than they are on Election Day, and that means the U.S. Federal Reserve almost certainly will continue to cut the benchmark federal funds rate — not just this week but at its December meeting as well.

The second day of interest rate deliberations began at 9:00 am local time (1400 GMT) in Washington, as scheduled, the Fed said in a statement

The Federal Reserve is expected to announce Thursday it is cutting interest rates, a decision that comes just two days after a divisive and historic US presidential election.

The Fed is expected to cut rates for a second straight month but by a smaller amount. How and when consumers may feel the effects isn't as clear.

Here's what to know about Thursday's Fed meeting. Is the Fed going to cut interest rates? Yes, the Fed is expected to shave its benchmark rate by 0.25 percentage points on Thursda

On Thursday, the Federal Reserve will announce its latest decision on whether to cut its benchmark interest rate again. CBS News business analyst Jill Schlesinger breaks down what to know.

The US Federal Reserve shrugged off political uncertainty in Washington and moved ahead with a quarter-point rate cut Thursday, easing monetary policy further as inflation continues to cool. Policymakers voted unanimously to lower the US central bank’s key lending rate to between 4.