📢 Federal Reserve Update
The Fed cuts interest rates to 3.75% for the third consecutive time, with only one more cut expected in 2026 and 2027, and a long-term target of 3%.
Key Points from Jerome Powell:
Monetary easing aims to support labor market recovery.
Decisions will depend on new data at each meeting.
Bond purchases will accelerate to ease labor market pressure before gradual tapering.
Significant government data expected before January meeting.
Stay tuned for Powell’s end-of-2025 press conference.
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