US Fed Cuts Rates Amid Economic Woes
The U.S. Federal Reserve cut its federal funds interest rate by 25 basis points to a new range of 3.75% to 4% on October 29, 2025, aiming to support a softening labor market and bolster economic growth amidst concerns over a cooling job market. This marks the second rate cut this year, but Federal Reserve Chair Jerome Powell's cautious stance on future reductions surprised investors, causing U.S. stock indexes to pull back after initial gains.