India, Dec. 11 -- A divided US Federal Reserve has cut the interest rate by 25 basis points to a range between 3.50% and 3.75%, but the path for future rate cuts is uncertain. A split within the central bank deepened with two officials voting to keep rates unchanged, while one policymaker sought a bigger reduction.

The US Fed flagged labour market concerns even as inflation remained elevated while President Donald Trump's tariffs bite.

The US Fed also said it will begin purchasing US Treasury Bills on 12 December and will purchase $40 billion worth of Treasury Bills in 30 days.

Summary of US Fed decisions on 10 December 2025:

This is a developing story. More to come.

Published by HT Digital Content Services with permission from Hindu...