Key Takeaways From Fed Decision to Cut Rate by Quarter-Point

Here are key takeaways from the Federal Reserve’s interest-rate decision on Wednesday:

• Federal Open Market Committee votes 9-3 to lower the benchmark interest rate by a quarter-point to a target range of 3.5%-3.75%
• “Dot plot” of rate projections shows the median official expected to lower rates by a quarter-point in 2026 and another quarter-point in 2027, the same as they projected in September
• Median Fed official sees inflation rate at 2.4% by end of 2026, down slightly from 2.6% forecast in September; sees GDP growth of 2.3%, compared with 1.8% previously
• Fed says it will begin purchasing short-term Treasury securities ...