Fed cuts interest rates by a quarter point amid apparent split over US economy
Vote to lower rates to a range of 3.5% to 3.75% was divisive among committee that tends to vote unanimously The US Federal Reserve announced on Wednesday that it was cutting interest rates by a quarter point for the third time this year, as the embattled central bank appeared split over how best to...
<p>Vote to lower rates to a range of 3.5% to 3.75%<strong> </strong>was divisive among committee that tends to vote unanimously </p><p>The US Federal Reserve announced on Wednesday that it was cutting interest rates by a quarter point for the third time this year, as the embattled central bank appeared split over how best to manage the US economy.</p><p>The Fed chair, Jerome Powell, has emphasized unity within the Federal Open Market Committee (FOMC), the board of Fed leaders that sets interest rates. But the vote to lower rates to a range of 3.5% to 3.75%<strong> </strong>was divisive among the committee that tends to vote in unanimity voting nine to three for the rate cut.</p> <a href="https://www.theguardian.com/business/2025/dec/10/fed-interest-rates-us-economy">Continue reading...</a>
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