Divided US Fed Cuts Rates 3rd Time Amid Job Risks, Elevated Inflation

• * US Federal Reserve cut interest rates for the third consecutive time this year by a quarter percentage point.
• * The new federal funds rate range is now between 3.50% and 3.75%.
• * Fed Chair Jerome Powell cited rising job risks as a key driver for the cut, despite inflation pressures tilting to the upside.
• * The decision was influenced by labor market concerns, elevated inflation, and the impact of President Trump's tariffs.
• * The central bank remains divided, with some officials opposing the cut or advocating for a larger reduction.

Why It Matters: This Fed rate cut affects your borrowing costs and economic outlook.