The Federal Reserve announces a reduction of interest rates by 0.25%.

The Federal Reserve has announced a rate cut of 0.25%, bringing the federal funds rate to a target range of 4.5%-4.75%, following a previous cut of 0.5% in September—the first reduction in four years. The Fed noted that while the economy continues to grow and inflation is approaching its 2% target, it remains elevated. A survey indicated that 63% of logistics stakeholders believe the rate cut will benefit the sector, though some experts caution that immediate impacts may be limited, suggesting a wait-and-see approach regarding future changes.