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Divided Fed approves third rate cut, sees slower pace ahead
CNBC· 2025-12-10 19:00
A  Federal Reserve split over where its priorities should lie lowered its key interest rate Wednesday, but signaled a tougher road ahead for further reductions.Fulfilling expectations of a "hawkish cut," the central bank's Federal Open Market Committee cut its key overnight borrowing rate by a quarter percentage point, putting it in a range between 3.5%-3.75%.However, the move carried caution flags about where policy is headed from here and featured "no" votes from three members, which hasn't happened since ...