Federal Reserve Cuts Benchmark Rate by 25 Basis Points to 3.50%-3.75%, Third Consecutive Reduction in 2025

The Federal Reserve lowered its benchmark interest rate by 25 basis points to a target range of 3.50%-3.75% on Dec. 11, marking the third consecutive meeting with a rate cut and matching market expectations, BlockBeats reports citing Jin10. The move brings total rate reductions this year to 75 basis points.