Headline : The Federal Reserve carried out a third straight interest rate cut — but will take a more cautious approach in 2025

Read more from the original article on here at qz.com.

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The Federal Reserve carried out its third consecutive interest rate cut of the year Wednesday, as its monetary policy easing campaign shows signs of heading for a slowdown.

Following its two-day meeting, the Federal Open Market Committee voted to lower rates by 25 basis points. In all, the Fed has reduced rates by a full percentage point since September, bringing the benchmark federal funds rate to 4.25%-4.50%.

“Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low,” the FOMC said in a statement. “Inflation has made progress toward the Committee’s 2 percent objective but remains somewhat elevated.”

The central bank indicated that it could carry out just two more reductions to the federal funds rate in 2025, given quarter-point cuts, according to its updated Summary of Economic Projections.

Read more from the original article on here at qz.com.

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