A Quarter-Point to Close the Year; Passport, Please … and Your Instagram
Up first: The Federal Reserve is closing out 2025 with a quarter-point rate cut — its third this year. And investors were glued to this one. Policymakers headed into today’s meeting unusually divided: focus on a softening job market, or keep the inflation pressure? Adding to the drama, the Fed has been operating in a partial data blackout due to the lingering fallout from the federal shutdown. NBC News managing editor for business and the economy Mike Calia joins host Yasmin Vossoughian to break down what today’s move signals for the economy heading into 2026. And foreign visitors to the U.S…
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