The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week. The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well as fighting inflation, which now barely exceeds the central bank’s 2% target. MORE: https://www.wthr.com/article/news/nation-world/federal-reserve-set-to-cut-interst-rates-again/507-57cb413e-a4a7-4d48-a87e-892a57c15b74