Fed cuts rates again officials at the federal reserve made a third interest rate cut this year, but suggested further cuts were not guaranteed. In october, the fed trimmed rates by 25. The fed's decision marks the third consecutive rate cut since september, lowering the federal funds rate by a total of 0.75 percentage points this year.
The fed said wednesday afternoon it is trimming its benchmark lending rate by a quarter point, its third such reduction this year Us fed fomc meeting live updates Follow along as chair jerome powell discusses the move.
The rate decision, projections, and a new policy statement will be released at 2 p.m Fed chair jerome powell is scheduled to hold a press conference half an hour later.
