The US Federal Reserve lowered its target rate by a quarter of a point
Today, representatives of the US Federal Reserve lowered their target interest rate by a quarter of a point, which was the third decrease in a year, as they focused on strengthening the weakening labor market, which poses a greater threat to the economy than steadily rising inflation.
The Federal Reserve's Federal Open Market Report The Federal Reserve Committee (FOMC) on Wednesday cut the federal funds rate to 3.5-3.75 percentage points after declining by a quarter of a percentage point in September and October.
In their economic forecasts, Fed policymakers and governors envisioned a quarter percentage point rate cut in 2026.