President-elect Donald Trump plans to launch a mass deportation operation targeting millions of immigrants living in the U.S. illegally and with temporary protections once he takes office on Jan. 20, a challenging initiative that could split apart families and affect U.S. businesses.

The Fed trimmed a key interest rate by a quarter percentage point, its third straight rate cut. But it forecast fewer 2025 cuts amid inflation uptick.

Sweden's central bank cut its key interest rate by quarter of a percentage point to 2.50% as expected on Thursday, but said that after easing policy five times this year, it saw reasons to be more cautious as it enters 2025.

Bangko Sentral ng Pilipinas Gov. Eli Remolona said that the central bank would lower its benchmark overnight reverse repurchase rate by 25 basis points to 5.75%. It cut its benchmark lending rate to 6.

The Philippine central bank lowered its policy rate by a quarter point for the third straight meeting and said it intends to maintain a measured approach to easing, after inflation stayed on target and economic growth slowed.