Fed cuts to 3.50-3.75% with dissents
What happened. On 10 December 2025 the Federal Open Market Committee cut the federal funds target range by 25 basis points to 3.50-3.75%, its third consecutive cut, with more than one member dissenting.
Why it matters for investors. The split showed disagreement about the pace of easing. Markets then priced a limited number of further cuts for 2026.
Event date: 10 Dec 2025. Source: Federal Reserve Board, FOMC statement.
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