Fed cuts rates amid deep internal split
The U.S. Federal Reserve on December 10 (local time) lowered its benchmark interest rate by 0.25 percentage points, but the decision exposed the central bank’s sharpest internal disagreement in six years, with three out of twelve voting members opposing the move.The Federal Open Market Committee (FOMC) lowered the federal funds rate to a range of 3.50–3.75%,..