Federal Reserve System, interest rate
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The cut of a quarter point will likely make it cheaper for average Americans to secure a mortgage, pay credit card debt or finance a car.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
By Lauren Young NEW YORK, Dec 10 (Reuters) - The U.S. Federal Reserve is ending 2025 with a bang, delivering another rate cut for consumers amid an uncertain year for the economy. The Fed nudged interest rates lower by a quarter-percentage point on Wednesday,
Follow live coverage of the Federal Reserve's December interest rate decision; the Summary of Economic Projections, or dot plot; and Chair Jerome Powell's press conference.
Trump administration live updates: Fed cuts interest rates again; Judge orders Epstein grand jury records released Trump said at a White House event this afternoon that the U.S. military has seized an oil tanker off of Venezuela's coast.
The central bank is poised to lower interest rates on Wednesday even as a growing chorus of officials urge caution.
The Federal Reserve is set to make its third interest rate cut this year but will be without updated labor data due to the government shutdown.