India, Dec. 11 -- A divided US Federal Reserve has delivered a third consecutive interest-rate cut and maintained their outlook for just one cut in 2026.

The Federal Open Market Committee (FOMC) voted 9-3 to lower the benchmark federal funds rate to a range of 3.5%-3.75%. It also subtly altered the wording of its statement suggesting greater uncertainty about when it might effect a rate cut again.

The dissents and the rate projections highlight divisions among policymakers that have emerged over whether weakness in the labour market or stubborn inflation represent the larger danger to the US economy.

In its October statement, the FOMC described what it would take into account "in considering additional adjustments" to their benchmark. ...