The Federal Reserve's annual interest rate decision for December 2024 has concluded, and the bank has decided to lower the benchmark interest rate by 25 basis points to a range of 4.25%-4.50%, marking the third consecutive rate cut, in line with expectations.

In this year's eight decisions, the Federal Reserve has cumulatively lowered interest rates by 100 basis points, consisting of one 50 basis point cut and two 25 basis point cuts.

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