The fed's decision marks the third consecutive rate cut since september, lowering the federal funds rate by a total of 0.75 percentage points this year. The fed said wednesday afternoon it is trimming its benchmark lending rate by a quarter point, its third such reduction this year Follow along as chair jerome powell discusses the move. The federal reserve will soon unveil its december rate decision The rate decision, projections, and a new policy statement will be released at 2 p.m Fed chair jerome powell is scheduled to hold a press conference half an hour later.
Us fed fomc meeting live updates In october, the fed trimmed rates by 25.
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