Fed Cuts Rates, Markets Cheer, Housing Concerns Persist
Update: 2025-12-11
Description
The Federal Reserve cut interest rates by twenty-five basis points, marking the third reduction this year and bringing the benchmark rate to a range of three point five zero percent to three point seven five percent. This move, largely anticipated, was not unanimous among Fed officials, with some preferring to keep rates steady and others advocating for a larger cut. Following the announcement, US stock markets reacted positively, with the S&P five hundred closing near its record high and the small-cap Russell two thousand index reaching an all-time high. Fed Chair Jerome Powell acknowledged the challenges in balancing employment and inflation goals and noted that the Feds latest economic projections anticipate only one additional interest rate cut in two thousand twenty-six. Powell also addressed concerns about the housing market, stating that a twenty-five basis point rate cut wouldnt significantly impact affordability issues.
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