Federal Reserve
The Federal Reserve’s "Hawkish" Christmas Surprise: Why the Third Cut Rattled Markets and What It Means for 2026
As the holiday lights twinkle across Wall Street this December 25, 2025, investors are unwrapping a complex gift from the Federal Reserve. Earlier this month, the Federal Open Market Committee (FOMC) delivered its third consecutive 25-basis-point rate cut, lowering the benchmark federal funds rate to a target range of 3.