Fed makes 3rd straight rate cut but hints at fewer reductions in 2025

The U.S. Federal Reserve on Wednesday cut its benchmark interest rate for a third straight meeting, but suggested there may be fewer reductions next year amid rising inflation risks, ahead of Donald Trump returning to the White House with plans to impose broad import tariffs.Following the last two-day policy meeting of the year, the Fed said the federal funds rate, which commercial banks charge each other for overnight loans, will be reduced by 0.25 percentage point, bringing the target range to 4.25-4.50 percent."The economic outlook is uncertain," the Federal Open Market Committee said in…READ FULL ARTICLE