On Wednesday, December 10, Federal Reserve Chair Jerome Powell delivered a speech following the Federal Open Market Committee (FOMC) meeting held at the New York Stock Exchange in the United States.

The U.S. Federal Reserve announced on Wednesday (December 10) that it would lower the target range for the federal funds rate by 25 basis points to between 3.5% and 3.75%.

The decision was in line with market expectations. This marks the Fed’s third consecutive rate cut of 25 basis points since September this year, and also the sixth rate cut since the central bank launched the current easing cycle in September 2024.

In a post-meeting statement released on Wednesday, the Federal Open Market Committee (FOMC), the Fed's policy-making body, noted that U.S. economic activity is expanding moderately, but job gains have slowed, the unemployment rate rose in September, inflation remains elevated to some extent, the economic outlook is still subject to high uncertainty, and downside risks to the labor market have increased in recent months.

Previously, Fed officials were divided over the impact of tariff policies on inflation and whether to further cut rates in December, but the deterioration in U.S. labor market data boosted expectations for a rate cut.

On Wednesday, December 10, Federal Reserve Chair Jerome Powell delivered a speech following the Federal Open Market Committee (FOMC) meeting held at the New York Stock Exchange in the United States.

The U.S. Federal Reserve announced on Wednesday (December 10) that it would lower the target range for the federal funds rate by 25 basis points to between 3.5% and 3.75%.

The decision was in line with market expectations. This marks the Fed’s third consecutive rate cut of 25 basis points since September this year, and also the sixth rate cut since the central bank launched the current easing cycle in September 2024.

In a post-meeting statement released on Wednesday, the Federal Open Market Committee (FOMC), the Fed's policy-making body, noted that U.S. economic activity is expanding moderately, but job gains have slowed, the unemployment rate rose in September, inflation remains elevated to some extent, the economic outlook is still subject to high uncertainty, and downside risks to the labor market have increased in recent months.

Previously, Fed officials were divided over the impact of tariff policies on inflation and whether to further cut rates in December, but the deterioration in U.S. labor market data boosted expectations for a rate cut.