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Federal Reserve cuts key rate but signals higher bar for future reductions

Dec 11, 12:37 AM IST 4 min read

The Federal Reserve cut its key interest rate to about 3.6% for the third consecutive time but indicated rates may remain unchanged in the coming months, prompting potential conflict with President Trump, who favors steeper cuts. Disagreements among Fed officials highlight divisions on rate strategies amidst rising inflation concerns and a lack of economic data.

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