US Federal Reserve Cuts Interest Rate By 25 bps, But...

>The US Federal Reserve reduced its key interest rate by 25 basis points on Wednesday (December 18), marking the third consecutive cut. This adjustment brings the overnight borrowing rate to a target range of 4.25%-4.5%. But... >The Fed’s 19 policymakers projected that they will cut their benchmark rate by a quarter-point just twice in 2025, down from their previous estimate in September of four rate cuts. This new and lower rate cut projections may have negative impact on equities segment in the near term.