Fed Cuts Rates by Quarter Point

Powell says another rate cut in December is ‘not a foregone conclusion.’Federal Reserve Chair Jerome Powell speaks at a news conference at the Federal Reserve headquarters, following the Federal Open Market Committee (FOMC) meeting in Washington on Sept. 17, 2025. Jim Watson/AFP via Getty Images10/29/2025|Updated: 10/29/2025The Federal Reserve cut interest rates for the second straight meeting on Oct. 29 as policymakers take a cautious approach to easing monetary policy.Officials voted to lower the benchmark federal funds rate—a key rate that influences borrowing costs for consumers and businesses—by a quarter point to a new target range of 3.75 percent to 4.00 percent.Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”Author’s Selected Articles