The Federal Open Market Committee (FOMC) voted 9-3 on Dec 10 (Wednesday) to lower the benchmark federal funds rate by a quarter point to a range of 3.5%–3.75%. It also subtly altered the wording of its statement suggesting greater uncertainty about when it might cut rates again.
Fed cuts rates with three dissents, projects one cut in 2026
Federal Reserve officials delivered a third consecutive interest-rate reduction and maintained their outlook for just one cut in 2026.
