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Fed Cuts Interest Rates in Divided Vote

Policymakers cut rates by a quarter point, citing a slowing job market. Three officials dissented on differing grounds.
Fed Cuts Interest Rates in Divided Vote
Federal Reserve Chair Jerome Powell speaks at a news conference following the Federal Open Market Committee (FOMC) meeting in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times
Andrew Moran
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The Federal Reserve followed through on a widely expected interest rate cut at its final policy meeting of 2025, but the Dec. 10 decision was marked by sharp dissent among officials.

Members of the Federal Open Market Committee voted 9 to 3 to lower the benchmark federal funds rate by a quarter point to a new target range of 3.5 percent to 3.75 percent.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."