“US Reduces Interest Rates: Could Australia Follow?”

The US Federal Reserve has decided to cut interest rates by 0.05 percentage points, signaling that the global battle against inflation may be nearing its conclusion.

This decision is likely to bring relief not only to homeowners in the US but also in Australia.

In its policy statement, the Fed explained that the move reflects “increased confidence that inflation is steadily moving toward 2 percent,” adding that the central bank “believes the risks to achieving its employment and inflation objectives are now more balanced.”