Breaking News U.S. Fed cuts benchmark rate by 0.25% more to 4.25-4.5%

The U.S. Federal Reserve cuts another 0.25%.

The Fed made the decision during its regular December meeting of the Federal Open Market Committee (FOMC).

As a result, the U.S. benchmark interest rate fell to 4.25% to 4.5%.

The interest rate gap between South Korea and the U.S. shrank to 1.5 percentage points as the U.S. Federal Reserve cut interest rates for the third consecutive time.


▶ The detailed news will follow shortly.