President Trump has spent most of 2025 demanding lower interest rates.

In a set of quarterly economic projections, Fed officials signaled they expect to lower rates just once next year.

The central bank cut rates for the third time in 2025 as limited government data clouds economic outlook.

The US central bank lowered interest rates for the third time this year, but the outlook for further cuts remains murky.

Betting markets and Wall Street expected a third consecutive cut in interest rates, but now forecast a cautious approach from the Fed in 2026.

Divisive vote to lower rates highlights uncertainty within the Fed as economy absorbs major shakeups, including tariffs

President Trump has spent most of 2025 demanding lower interest rates.

A decision to hold off on further rate reductions risks drawing more criticism from the president.

Three Fed officials dissented from the move, the most dissents in six years and a sign of deep divisions on the committee.