The U.S. Federal Reserve has cut interest rates.

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The Federal Reserve (FED) of the United States has lowered the interest rate by 25 basis points to 4.50 percent.

25 BASIS POINTS INTEREST RATE CUT

The Federal Reserve (FED) announced the interest rate decision that the markets have been eagerly awaiting. In its last meeting of the year, the FED decided to cut the interest rate. The FED reduced the policy interest rate by 25 basis points to a range of 4.25-4.50 percent.

FED HAS CUT RATES IN THE LAST 3 MEETINGS

Thus, the FED has cut rates in the third consecutive meeting. The FED began the cycle of interest rate cuts with a 50 basis point reduction in September. A 25 basis point cut was also made in November.