US Fed Cuts Rates 0.25% Third Time; Slower Pace Expected

• US Federal Reserve cut interest rates by 0.25%, bringing them to 3.5-3.75%.
• This marks the third consecutive rate cut, with rates now at their lowest since 2022.
• Future rate cuts are expected to be slower, with rates projected to reach 3% by the end of 2027.
• The decision passed with a 9-3 vote, indicating disagreement among committee members.
• US markets reacted positively to the announcement, while Fed Chair Powell noted moderate economic growth but persistent inflation concerns.

Why It Matters: US Federal Reserve's rate cut impacts global markets and signals future economic trends.