The Federal Reserve (Fed), the U.S. central bank, has implemented another interest rate cut following its previous reduction in September. The Fed concluded Thursday’s two-day Federal Open Market Committee (FOMC) meeting and announced the decision to lower the benchmark interest rate by 0.25%. The new range is set at 4.50%—4.75%, down from the previous 4.75%—5.0%. This reduction follows the largest reduction in four and a half years of 0.5% from the FOMC meeting held in September. Consequently, the interest rate gap between South Korea (3.25%) and the U.S. has narrowed to 1.50%. Read more: Tru…