The Federal Reserve has announced a quarter-point reduction in its key interest rate, following signs of cooling inflation and the re-election of Donald Trump. The rate cut, the second in recent months, brings the Fed’s benchmark rate to approximately 4.6%, down from a high of 5.3% in September, as the central bank seeks to support the job market alongside stabilizing inflation. Thursday’s rate cut follows a half-point reduction in September and reflects the Fed’s continued focus on economic growth as inflation dips closer to its 2% target. Inflation, which peaked at 9.1% in mid-2022, now stan…