Editorial

15:00 JST, November 9, 2024

With inflation in the United States showing signs of settling down, its monetary policy has taken another step toward easing. However, there is concern that the policies advocated by U.S. President-elect Donald Trump could reignite rising prices in the future.

Not only would that be a blow to the U.S. economy, it would also have a significant impact on the global economy, including Japan. Therefore, vigilance is needed.

The U.S. Federal Reserve Board has decided to lower its policy interest rate by 0.25 points to 4.50%-4.75% per year. It was the second consecutive policy meeting in which the interest rate was cut, as the monetary policy was previously eased in September.

The U.S. economy has been hit by historically high inflation........

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