The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation

The move comes after Donald Trump's election win and the ensuing global uncertainty. The Fed said that the job market has "generally eased," with inflation nearing the 2% target.

Move comes in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump's presidential election victory this week

Federal Reserve cuts interest rates to support job market and fight inflation amid economic growth and Trump presidency.

WASHINGTON — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had a

The Federal Reserve cut its key interest rate by a quarter-point on Thursday amid postelection uncertainty.

The Federal Reserve cut interest rates by 25 basis points on Thursday.It follows a 50-basis-point cut in September, with the pace of inflation continuing

The Federal Reserve Open Markets Committee concluded its two-day meeting today and cut its influential benchmark rate. Follow along for live updates.

Nov. 6 (UPI) -- Prognosticators anticipate the Federal Reserve on Thursday will announce a second rate cut after lowering the federal lending rate by 0.5% in September.

On Thursday, shares in Asia rebounded from early losses following U.S. stock market records, driven by investor speculation on Donald Trump's return as president and its impact on the global economy. Attention was also on the Federal Reserve's impending interest rate decision later that day. Notably, Hong Kong's stock market steadied despite Trump's election win in the US.

WASHINGTON (AP) — Below is the statement the Federal Reserve released Thursday after its latest policy meeting ended: