📉 Fed cuts interest rates: comments from UOB Group On November 6 and 7, 2024, at the Federal Open Market Committee (FOMC) meeting, the Fed unanimously decided to lower the target range for the federal funds rate by 25 basis points to 4.50-4.75%.

This solution fully meets our expectations and the expectations of the wider market.

📊 According to UOB Group economist Alvin Liu, this decision underscores the Fed’s desire to continue its course of lowering rates without succumbing to political pressure. We will monitor further actions and market reactions!