#BTC $BTC The FOMC, the U.S. central bank’s policymaking body, has cut its benchmark interest rate by 25 basis points, bringing the federal funds rate down to 3.50%–3.75% — the lowest level in nearly three years. 

This marks the third consecutive rate cut in 2025, as the Fed seeks to balance a cooling labor market with persistently elevated inflation.  Notably, the decision was not unanimous: there were three dissenting votes, the highest since 2019 — one member preferred a deeper 50-basis-point cut, while two wanted to keep rates unchanged. 

Alongside the rate cut, the Fed released its updated economic projections: the “dot plot” shows most officials expect just one more quarter-point cut in 2026, signalling that the path of further cuts could be more gradual. 

For borrowers and consumers, this could mean cheaper loans, mortgages, and credit cards — but also lower returns for savers.Meanwhile, markets will be watching closely for the next wave of inflation and jobs data, which will guide the Fed’s next moves.

Bottom line: the Fed has eased again — but with caution. The split decision and a softer outlook for future cuts reflect persistent uncertainty in the U.S. economic outlook going into 2026.