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The recovery of the world's largest economy seemed oddly impervious to a second and then a third wave of coronavirus.
Fed's December Pivot: A Cautious Cut Amid Trump's Shadow
On December 10, 2025, the Federal Reserve delivered its anticipated holiday gift to markets—a 25 basis point rate cut, trimming the federal funds target to 3.50%-3.75%. This marks the third consecutive easing move in 2025, signaling confidence in cooling inflation but wariness over persistent pressu


