Reported 3 days ago
The Federal Reserve has reduced interest rates by a quarter point, marking its third consecutive cut this year. In a split decision, the rate now sits between 4.25%-4.5%, while the Fed has scaled back its expected rate cuts for 2025 from four to two. Fed Chair Jerome Powell emphasized the ongoing challenges of inflation, noting that while the economy remains strong, policy adjustments will depend on further economic data and inflation progress.
Source: YAHOO