US Fed cuts rates 3rd time amid division, job market risks.

• The US Federal Reserve cut interest rates for the third consecutive time this year by a quarter percentage point, setting them between 3.50% and 3.75%.
• The decision was divided, with three officials dissenting from the modest rate reduction.
• The Fed cited labor market concerns and elevated inflation as factors for the rate cut.
• The central bank anticipates at least one more rate reduction next year and adjusted its 2026 GDP growth forecast upwards.
• The Fed faces a turbulent year ahead, including the appointment of a new chief after Jerome Powell's term ends in May 2026, amid political pressure.

Why It Matters: Third Fed rate cut signals economic concerns, impacting jobs and borrowing.