MSNBC: Fed Lowers Interest Rate by 0.25%, Third Consecutive Decrease

EXCERPT:

ROMANS: “It was a quarter point. the Fed cut rates for a third time, it’s the final meeting of the year. And that, of course, is to lower borrowing costs for businesses and consumers. So, a third little rate cut here. And a lot of what the Fed said is, is mostly the same. Economic activity continues to be solid. The unemployment rate is in pretty good shape here. It’s relatively low and inflation is moving toward the Fed’s target, although not there yet. When you dig into these numbers and the projections and forecast for next year, it looks like the Fed is only penciling in two more rate cuts next year. That’s a lot less, fewer than many people have been expecting. So the Fed clearly with a solid economy here trying not to get ahead of itself cutting rates because that could be inflationary.”