MNI: FED: CUTS RATE TARGET 25 BPS TO 3.5%-3.75%; VOTE 9-3
Dec-10 19:00
- FED: CUTS RATE TARGET 25 BPS TO 3.5%-3.75%; VOTE 9-3
- FED DOT PLOT SHOWS MEDIAN 1 CUT IN 2026, 1 MORE IN 2027
- FED TO BEGIN RESERVE MANAGEMENT BILL PURCHASES DEC 12
- FED: RESERVES HAVE DECLINED TO 'AMPLE' LEVELS
- FED TO BUY $40B IN BILLS IN FIRST MONTH
- FOMC: TO CONSIDER 'EXTENT AND TIMING' OF ADDITIONAL CUTS
- FED FORECASTS SHOW STRONGER GROWTH, BIGGER INFLATION FALL
- LOWEST FED DOT IN 2026 DROPS TO 2%-2.25%
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