Home equity rates held steady as the Fed cu interest rates for the third time in a row.

Inflation has picked up in recent months alongside a hiring slowdown.

The Fed lowered its benchmark interest rate by a quarter percentage point, in an effort to shore up a weakening job market. With inflation remaining stubbornly high, it was not a slam dunk decision.

The Fed has cut interest rates for the third time in a row at December's meeting. Fed members were the most divided they've been all year.

The Federal Reserve announced its third straight interest rate cut following its December meeting amid concerns about slowing labor market despite inflation remaining above target.

Bitcoin BTC $90,314.28 rose Monday, supposedly in anticipation of a Federal Reserve interest-rate cut this week, although a continued rally in Treasury yields signaled caution. The Fed is expected to cut the target interest rate by 25 basis points to the 3.

Gold prices were little changed during Asian trading on Tuesday, with investors adopting a cautious stance ahead of this week’s Federal Reserve meeting, where another interest rate cut is widely expected.