Federal Reserve cuts interest rates by 25 basis points, signals one cut ahead
Source: Yahoo! Finance
Updated Wed, December 10, 2025 at 2:00 PM EST
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday for the third time this year, while projecting one more cut for next next year. The central bank voted in a split decision to trim its benchmark interest rate to a range of 3.5% to 3.75%.
The decision drew dissents on both sides. Kansas City Fed president Jeff Schmid and Chicago Fed president Austan Goolsbee disagreed with the decision, preferring to hold rates steady. On the other side, Fed governor Stephen Miran pushed to cut rates by a half a percentage point.
Fed officials still see one more rate cut next year, the same number projected in September, as the job market has softened but inflation remains roughly a full percentage point above the central bank’s 2% goal.
“In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” officials said in their policy statement.
Read more: https://finance.yahoo.com/news/federal-reserve-cuts-interest-rates-by-25-basis-points-signals-one-cut-ahead-150046198.html
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