U.S. Fed completes rate cut trifecta

In what ended up being a somewhat contentious decision, the Federal Open Market Committee (FOMC) lowered its benchmark federal funds rate by 0.25% recently, bringing the target range to 3.5% to 3.75%.

This marks the third consecutive rate cut this year, culminating in a total reduction of 1.75 percentage points for 2025, as the Fed continues its efforts to...