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Fed Chair Jerome Powell speaks after Federal Reserve cuts interest rates for third time

visibility comment0 event December 10, 2025 timer 18:18

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The Federal Reserve on Dec. 10 announced a quarter-point rate cut to its benchmark federal funds rate, its third in a row, aimed at lowering borrowing costs for consumers.

The decision brings the Fed’s benchmark rate range down to 3.5% to 3.75%. Analysts widely expected the move after private-sector reports signaled further cooling in the labor market, and the Fed’s own Beige Book delivered a downbeat assessment of the economy in November.

Read more: https://www.usatoday.com/live-story/money/2025/12/10/federal-reserve-december-meeting-live-updates/87675046007/

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