The US Federal Reserve has lowered interest rates for the third time this year, but market expectations were not met. In a surprise move, the central bank reduced the Federal Funds rate by 0.25%, or a quarter point, in an effort to combat inflation. Despite being widely anticipated, investors reacted negatively, signaling that their hopes for easy monetary policy from the Fed have been dashed.
Source: https://www.bloomberg.com/news/newsletters/2024-12-19/the-federal-reserve-is-feeling-edgy-about-inflation