ECONOMYNEXT – The US Federal Reserve said it was cutting rates by 25 basis points to target 3.5 to 3.75 percent, despite high inflation,citing an economic slowdown and lower job gains in it so-called dual mandate. Inflation was up 3 percent in October, 2025 with monthly inflation rising 0.3 percent. “Available indicators suggest that economic activity has been expanding at a moderate pace. Job gains have slowed this year, and the unemployment rate has edged up through September,” the Federal Reserve said. “More recent indicators are consistent with these developments. Inflation has moved up since earlier in the year and…
Federal Reserve cuts rates despite above target inflation in dual mandate confusion
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