(CNN)– Wednesday, Dec. 10, the Federal Reserve lowered interest rates once again for a third consecutive time.
The Central Bank dropped its benchmark lending rate by a quarter point to a range between three-and-a-half, and three-and-three-quarters percent.
The cut was made over objectio
ns from some Fed officials who believe a focus on the higher cost of living should be prioritized.
Today’s action comes as the economy grapples with continued inflation woes and weak job growth.
Categories: News
Tags: Federal Reserve, Federal Reserve Chair, Federal Reserve Chair Jerome Powell, U.S. economy
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