Breaking News US Fed cuts interest rate by 0.25%p...For the second time in a row,

The U.S. central bank, the Federal Reserve, cut interest rates by 0.25 percentage point.

After a two-day open market committee, the Fed issued a statement saying it was lowering the top end of the benchmark interest rate from 5% to 4.75%.

The Fed's rate cuts are the second in a row following a 0.5%p big cut in September, as the focus of monetary policy has shifted from price stability to growth and employment.

Now, the market's attention is on whether the Fed will continue its rate-cutting march at its remaining meetings ahead of the Trump era.

Some observers say that the Fed could slow the rate cut as high tariffs and tax cuts that Trump is touting could fuel inflation.

According to the dot plot released by the Fed at its meeting in September, nine members predicted one additional cut and 10 expected two cuts, which were closely divided.

The Fed has the last open market committee meeting of the year left on the 17th of next month.