The Federal Reserve announces a 0.5% interest rate reduction, aligning with the cut implemented in September.

The Federal Reserve has enacted another rate cut, lowering the federal funds rate by 0.25% to a range of 4.5%-to-4.75%, following a previous 0.5% reduction in September. This is the first rate cut in four years, as the economy shows signs of steady growth despite some elevated inflation. The latest inflation rate stands at 2.1%, down from a 9.1% peak in June 2022. While a survey indicated that 63% of logistics stakeholders believe rate cuts could benefit their sector, some experts caution that immediate impacts may be limited, suggesting a wait-and-see approach.