Fed cuts rates for the second time this year, will end balance sheet run-off in December
CNBCยท2025-10-29 18:02
US 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, DC, on Sept. 17, 2025.The Federal Reserve on Wednesday approved its second straight interest rate cut, a widely expected move that came despite little recent visibility on the economy due to the government shutdown.By a 10-2 vote, the central bank's Federal Open Market Committee lowered its benchmark overnight borrowing rate to a ra ...