Federal Reserve Cuts Rates to 3.5%–3.75% as Committee Signals Slower Pace of Easing Ahead

Central bank's December quarter-point reduction draws three dissents as officials project the policy rate holding at 3.375 percent through 2026  The Federal Reserve delivered its third consecutive interest rate reduction this week while making clear that future cuts will face greater scrutiny as policymakers balance competing signals from the labor market and inflation data. The […]