US Federal Reserve cuts interest rates for the third straight time

The US Federal Reserve has reduced its benchmark interest rate by 25 basis points, responding to persistent inflation and slowing job growth amid a lack of government data due to a shutdown. This marks a significant monetary policy shift as the Fed navigates economic uncertainties.

Gold prices maintained their gains following the US Federal Reserve's announcement of a third consecutive interest-rate cut, a widely anticipated move that reflects a dovish stance on monetary policy. Silver also experienced a notable rise, reaching record levels amid growing market optimism.

The Federal Reserve announced its third consecutive interest rate cut, with Chair Jerome Powell indicating that while inflation has eased, it remains 'somewhat elevated.' The decision faced dissent from two regional Fed presidents who favored maintaining rates, and a new appointee who advocated for a larger cut.

The US Federal Reserve has cut interest rates by a quarter point for the third time this year, reflecting a split among committee members on how to address ongoing economic challenges, including tariffs and inflation. The decision was made during a divisive nine-to-three vote, indicating a departure from the usual consensus within the Federal Open Market Committee.