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Officials projected only two rate cuts in 2025.
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The New York Times

Dec. 18, 2024, 2:18 p.m. ET

BREAKING NEWS

Jerome H. Powell gestures with one hand while sitting in a chair on a stage and talking with Andrew Ross Sorkin, who is partly visible.
Jeenah Moon for The New York Times

The Fed Cuts Rates for the Third Time This Year

The Federal Reserve cut interest rates by a quarter point and published a forecast suggesting there may only be two rate cuts next year.

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