Fed delivers third straight rate cut but dot plot projects just one cut in 2026
Fox Business·2025-12-11 21:51
Federal Reserve policymakers cut interest rates for the third straight meeting on Wednesday while signaling there may be only one cut next year as rates get closer to a neutral level. The Fed lowered the benchmark federal funds rate by 25 basis points to a range of 3.5% to 3.75%, and its announcement was accompanied by a summary of economic projections – commonly known as the "dot plot" – that includes policymakers' forecasts for the labor market and inflation, as well as the outlook for interest rate cuts. ...