"The impending move marks the final interest rate decision before the inauguration of President-elect Donald Trump, who repeatedly criticized Fed Chair Jerome Powell during Trump's first term in office."
"A rate cut of that size would match the move taken by the Fed last month, and it would amount to a percentage point worth of cuts made in a matter of months since the central bank opted to start dialing back its fight against inflation in the fall."
"The widely expected rate cut on Wednesday may prove the Fed's last for many months, however, experts previously told ABC News."
"Consumer prices climbed 2.7% in November compared to a year ago, marking two consecutive months of accelerating inflation, government data last week showed."
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