Fed cuts rates again, signals it may be done for now

(Image: Getty)

Thu, 11 Dec 2025

By Nick TimaraosFederal Reserve officials cut interest rates at their third consecutive meeting, but signalled a move to the sidelines amid unusual internal divisions over whether inflation or the job market should be their bigger worry.The Fed voted 9-3 for the reduction on Wednesday, the first time in six years that three officials cast dissents. Chicago Fed President Austan Goolsbee and Kansas City Fed President Jeff Schmid thought the reduction wasn’t warranted, while Fed governor Stephen Miran favoured a larger, half-point cut.The de...

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