Fed cuts interest rates 25 basis points, here's what it means for markets
Fed cuts interest rates 25 basis points, here's what it means for markets
Last updated: 2025-10-30 00:31:33 ET
Fed cuts interest rates 25 basis points, here's what it means for markets
The Federal Reserve on Wednesday released its interest decision following a two-day meeting.
The Fed cut interest rates slightly on Wednesday to steady the economy amid a weakening job market, as a long government shutdown has clouded its view of the economy.
The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.
Central bank votes to lower cost of borrowing even as US government shutdown limits data for decision
The cut – which had been widely expected – lowered rates to a new range of 3.75% to 4%.