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0 -0.000546789564130662 -0.000312451179503251 0.00031245117950314 0.00304639900015612 0.00460865489767226 0.00453054210279631 0.00453054210279631
Stock impact report

Fed cuts rates in boost for Trump [Yahoo! Finance]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Yahoo! Finance
The central bank voted to lower rates by a quarter of a percentage point, two days after the worries about the economy under the Democrats helped propel Mr Trump back into power. It said that “economic activity has continued to expand at a solid pace” while “inflation has made progress toward the committee's 2pc objective but remains somewhat elevated”. It warned, however, that “the economic outlook is uncertain”. The US federal funds rate is now 4.5pc to 4.75pc from 4.75pc to 5pc previously. The decision is a boost for the economy as Donald Trump prepares to take up office again in the White House amid promises of a stronger economy under his leadership. His election chances were boosted by a cost of living crisis and higher interest rates under Joe Biden in the aftermath of the Covid pandemic. Voters remembered better days under the first Trump administration. The Fed's cut came despite the potential of higher inflation from Mr Trump's policies. He is pushing for tariffs Show less Read more
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