The Federal Reserve wants to see inflation, the rate at which prices rise, fall back to about 2%.
It started cutting interest rates in September, noting the significant improvement since June 2022, when prices were surging at a rate of more than 9%.
But analysts are warning of new risks, as President-elect Donald Trump promises a mix of tax cuts, tariffs and migrant deportations that some say are likely to keep pressure mounting on businesses and consumers.
