The Jerome Powell-led FOMC has cut rates by 25 basis points. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The US Federal Reserve has issued a third consecutive rate cut, lowering the repo rate by 25 basis points to the range of 3.5-3.75%. This marks the lowest interest rate levels in three years.

However, the central bank remains unsure about the road ahead, with policymakers yet to find complete unanimity about rate cuts and the state of the economy.

Weakening job market has weighed on the Fed for quite some time now, but amid rising prices, US Fed reached a 9:3 consensus for a 25 bps rate cut.

US Fed's quarter percentage point rate cut certainly wasn't approved by Donald Trump, who went on to deride Jerome Powell as 'stiff' and a 'deadhead' whi

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