The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.

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Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year

Name: Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
Uploaded: 2024-12-18T21:18:14.674Z
Duration: 2 min 7 s
Description: The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.

The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation.