WASHINGTON -- The US Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points to 3.5 to 3.75 percent, marking its third rate cut this year. The latest move was widely anticipated, making it the third rate cut in a row since the Federal Op»»»

A divided U.S. Federal Reserve lowered interest rates Wednesday for a third consecutive time this year, flagging labor market concerns even as inflation remained elevated as President Donald Trump's tariffs bite. The cut by a quarter percentage point brings rates to a range between 3.50 percent and»»»

WASHINGTON - A divided US Federal Reserve lowered interest rates on Dec 10 for a third consecutive time this year, flagging labour market concerns even as inflation remained elevated as President Donald Trump’s tariffs bite. The cut by a quarter percentage point brings rates to a range between 3.5 »»»