Federal Reserve December interest rate meeting - Decided to cut interest rates by 25 basis points with an 11:1 vote, the statement suggests a slowdown in the pace of rate cuts; the dot plot shows a revision in next year's rate cut forecast from 4 adjustments to 2; Powell stated that future considerations for rate adjustments can be more cautious, and the path depends on making more progress in reducing inflation. It may take another year or two to reach the inflation target. Rate hikes are unlikely next year.