US Fed cuts interest rates to lowest level in three years

Описание: US Federal Reserve Chairman Jerome Powell holds a news conference after a two-day policy meeting, its final of 2025.

The US central bank has signalled a pause in interest rates cuts demanded by the president as it grapples pressures from both elevated inflation and a weak jobs market.

The Federal Reserve, which has a dual mandate to promote stable prices and maximum employment, guided that just one rate cut was currently likely in 2026 after it announced a third consecutive reduction in the cost of borrowing.

Its key rate was trimmed to a near three-year low to around 3.6%, though there were three dissenting votes which argued for no change to the Fed funds rate, despite recent weakness in US hiring numbers.

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