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International Business Times

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Luke Funk

MYSTERIOUS: Fed cuts interest rates 0 25 | Mind Blowing Facts

US Federal Reserve Inflation Jerome Powell

Jerome Powell speaks onstage during The New York Times Dealbook Summit 2024 at Jazz at Lincoln Center on December 04, 2024 in New York City. (Credit: Eugene Gologursky/Getty Images for The New York Times)

The Federal Reserve Board cut a key U.S. interest rate 0.25% on Wednesday. The Federal Funds Rate now sits at 4.25-4.50%

The cut was widely expected but future cuts are in jeopardy because of stubborn inflation numbers and strong employment numbers.

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