Fed cuts interest rates by quarter point for second time in a row, showing concern about job market
New York Post·2025-10-29 18:09
The Federal Reserve on Wednesday cut interest rates by a quarter point for the second meeting in a row, signaling policymakers are still more concerned about the labor market than inflation.The widely expected cut lowered rates to a new range of 3.75% to 4%. It’s the first time since 2022 that rates set by the Fed have dipped below 4%.Policymakers were split over the decision. Some have advocated for more caution, worried that President Trump’s tariffs could hit inflation. But others have argued that any in ...