00:00The U.S. Federal Reserve has lowered interest rates, but warn it might be the last cut for a while.
00:07In a divided decision, the Fed voted to lower its benchmark rate by a quarter of a percentage point.
00:13After the vote, Chair Jerome Powell signaled a likely pause in future cuts.
00:17Powell said the central bank is well-positioned to wait and see how the U.S. economy develops next year.
00:23It comes amid signs of rebounding growth and lingering inflation.
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