On Thursday, at the end of its November meeting, the Fed announced a reduction of 0.25 percentage points in the federal funds rate, or the rate at which banks lend each other money overnight. The move follows an initial cut of half a percentage point in September.

The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization.

The Federal Reserve cut its key overnight lending rate again on Thursday, following on the heels of a half-point cut in mid-September.