inflation – One America News Network

TOPSHOT - A view of the New York Stock Exchange (NYSE) and Christmas tree on December 5, 2025 in New York City. (Photo by ANGELA WEISS / AFP via Getty Images)

Fed. Reserve cuts rate another quarter-point

The Federal Reserve’s Federal Open Market Committee (FOMC) announced on Wednesday that it would lower the target range for the federal funds rate by 25 basis points, a quarter-point cut, to 3.50%–3.75%.

PHILADELPHIA, PENNSYLVANIA - NOVEMBER 12: Treasurer of the United States Brandon Beach holds the last penny stamped at the US Mint on November 12, 2025 in Philadelphia, Pennsylvania. Beach pressed the final pennies at an event held at the facility. The pennies pressed bear a special 'Omega' and will not be put in circulation, but will be auctioned off. (Photo by Matthew Hatcher/Getty Images)

U.S. produces final penny as production is canceled after 230 years

The United States has produced its last penny, as President Donald Trump canceled its production after 232 years.

BOZEMAN, MONTANA - AUGUST 09: Republican presidential nominee, former U.S. President Donald Trump walks toward the stage to speak at a rally at the Brick Breeden Fieldhouse at Montana State University on August 9, 2024 in Bozeman, Montana. (Photo by Michael Ciaglo/Getty Images)

Trump pledges $2K per American from tariff revenue amid SCOTUS review

President Donald Trump announced that Americans can expect a $2k payment from the collected tariff revenue while calling those who oppose tariffs, “FOOLS!”

STAMFORD, CT - NOVEMBER 24: Central American immigrants and their families pray before Thanksgiving dinner on November 24, 2016 in Stamford, Connecticut. Family and friends, some of them U.S. citizens, others on work visas and some undocumented immigrants came together in an apartment to celebrate the American holiday with turkey and Latin American dishes. They expressed concern with the results of the U.S. Presidential election of president-elect Donald Trump, some saying their U.S.-born children fear the possibilty their parents will be deported after Trump's inauguration. (Photo by John Moore/Getty Images)

WH: Americans are paying less this Thanksgiving

Under President Donald Trump’s leadership, the average cost of a Thanksgiving meal has decreased compared to last year during former President Joe Biden’s administration.

Several VISA and MASTER credit cards are shown in Buffalo Grove, Ill., Feb. 8, 2024. (AP Photo/Nam Y. Huh, File)

What a Federal Reserve rate cut means for your finances

The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September.

WASHINGTON, DC - OCTOBER 29: Federal Reserve Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve on October 29, 2025 in Washington, DC. For the second straight month, Powell announced a quarter-point cut to the federal funds rate, bringing rates down to a new range of 3.75 percent to 4 percent. (Photo by Alex Wong/Getty Images)

Fed cuts interest rates to lowest level in 3 years

The Federal Reserve cut its benchmark interest rate to its lowest level in three years, lowering the federal funds rate target range by 0.25 percentage point to 3.75%–4.00%.