Summary
The Federal Reserve reduced interest rates for the third consecutive time. The rate now ranges from 3.5% to 3.75%. There's uncertainty about whether more cuts will happen in the future.
Key Facts
- The Federal Reserve is the central bank of the United States.
- It cut the interest rates by 0.25 percentage points.
- This is the third interest rate cut in a row.
- The new interest rate range is between 3.5% and 3.75%.
- There are mixed opinions within the Federal Reserve about future rate cuts.
- The Federal Open Market Committee made the decision.
- Interest rates influence borrowing costs for consumers and businesses.
