This reduction of 25 basis points follows the reduction of half a point decreed last September.

The Federal Open Market Committee (FOMC) of the United States Federal Reserve (Fed) decided on Wednesday to lower interest rates by 25 basis points, leaving them within the target range of 4.25% to 4.50%.

This reduction follows the half-point cut decreed last September, when the price of money was cut for the first time since March 2020, and the quarter-point cut in November.

In its statement, the entity stressed that the risks to optimizing employment and inflation are "more or less balanced."

"Recent indicators suggest that economic activity has continued to grow at a solid pace. Since the beginning of the year, the labor market has generally lost momentum, and the unemployment rate has risen, although it remains low. Inflation has continued to move toward the Committee's 2% objective, but remains somewhat elevated," the Fed said.

GDP, UNEMPLOYMENT AND INFLATION

The economy of the world's leading power experienced an annualized growth of 2.8% in GDP in the third quarter of 2024 compared to 3% in the previous three months.

In the US labour market, 227,000 non-farm jobs were created in November, well above the 36,000 jobs recorded in October due to the impact of the hurricanes in the south of the country. However, unemployment rose one-tenth of a point to 4.2%.

The personal consumption expenditures price index, the Fed's preferred statistic for monitoring inflation, stood at 2.3% in October, up two-tenths of a point. The monthly rate rose 0.2%, unchanged. The underlying variable closed at 2.8% year-on-year, up one-tenth of a point.