Fed Cuts Rates Amidst Uncertainty Over Trump's Economic Policies

The Federal Reserve has cut interest rates by a quarter of a percentage point, just days after Donald Trump's election victory, aiming to maintain economic strength and control inflation. Fed Chair Jerome Powell expressed confidence in achieving a "soft landing" for the economy, despite potential inflationary pressures from Trump's proposed policies. The Fed plans further rate cuts through 2025, as inflation has significantly cooled from its 2022 peak. Meanwhile, Trump's election has boosted the stock market, with major indices and Tesla shares seeing significant gains.