Urgent: U.S. Fed cuts interest rate by 25 basis points -Xinhua

Urgent: U.S. Fed cuts interest rate by 25 basis points

Source: Xinhua

Editor: huaxia

2025-12-11 03:02:15

WASHINGTON, Dec. 10 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points to 3.5 to 3.75 percent, marking its third rate cut this year.