The Federal Reserve cut interest rates at the final meeting of the year, and the third straight rate reduction will impact your money.
Central bankers voted 9-3 on Dec. 10 to lower the benchmark federal funds rate—a key policy rate that influences business, household, and government borrowing costs—by a quarter point.
The widely expected rate decision brought the new target range to 3.5 percent to 3.75 percent.
A January rate decision is up in the air—the futures market anticipates policymakers will hit the pause button to start the year—but consumers might continue seeing some relief heading into 2026.
Euphoria on Wall Street
U.S. stocks cheered the outcome of the December Federal Open Market Committee meeting….