Hello and welcome to Yahoo Finance's special breaking news coverage of the October Fed decision. I'm Josh Lipton here with my colleague Julie Hyman and we're just moments away now from the Fed decision and markets. You can see we are higher.Just a quick check of the popular averages here. You have the Dow up 120 points. The S&P 500, your broad gauge is about 2/10 of a percent. Your tech heavy NASDAQ it's up about 6/10 of a percent.So Julie, the big day is here. You've marked your calendar. What do we expect ...

Interest Rate & Monetary Policy - The Federal Reserve is cutting the federal funds rate by 25 basis points [1] - Cutting interest rates tends to make prices rise faster [3] - Inflation remains above the Fed's target rate of 2% [3] Economic Impact - Loans are about to get cheaper in the United States, affecting mortgages, auto loans, and savings accounts [1] - The Fed's easing cycle could widen the generational wealth gap [2] - Younger Americans who depend more on wages and capital gains may not benefit as much from the rate cut [2]

Alex Wong / Getty Images Fed Chair Jerome Powell said that a rate cut in December wasn't a done-deal. Key Takeaways Federal Reserve Chair Jerome Powell said it was "not a foregone conclusion" that the Fed will cut interest rates in December. Before Powell's press conference, financial markets had priced in a 90% chance of a December rate cut, which fell below 60% Wednesdsay afternoon. The Federal Reserve's policy committee won't necessarily cut interest rates in December, contrary to what financial ...

In the near-term, risks to inflation are tilted to the upside and risks to employment to the downside. A challenging situation. There is no risk free path for policy as we navigate this tension between our employment and inflation goals.Our framework calls for us to take a balanced approach in promoting both sides of our dual mandate with downside risks to employment having increased in recent months. The balance of risks has shifted. Accordingly, we judged it appropriate at this meeting to take another ste ...

In the near-term, risks to inflation are tilted to the upside and risks to employment to the downside. A challenging situation. There is no risk free path for policy as we navigate this tension between our employment and inflation goals.Our framework calls for us to take a balanced approach in promoting both sides of our dual mandate with downside risks to employment having increased in recent months. The balance of risks has shifted. Accordingly, we judged it appropriate at this meeting to take another ste ...

In support of our goals and in light of the balance of risks to employment and inflation, today the Federal Open Market Committee decided to lower our policy interest rate by a quarter percentage point. We also decided to conclude the reduction of our aggregate securities holdings as of December 1. I will have more to say about monetary policy after briefly reviewing economic developments.Available indicators suggest that economic activity has been expanding at a moderate pace. GDP rose at a 1.6% pace in th ...

Core Points - Economic activity is expanding at a moderate pace, with job gains slowing and a slight increase in the unemployment rate, although it remains low [1] - Inflation has risen and remains somewhat elevated, with the Federal Reserve aiming for a long-term inflation rate of 2 percent [2] - The Federal Reserve has decided to lower the target range for the federal funds rate by 0.25 percentage points to 3.75% to 4% [3] Economic Indicators - Job gains have slowed this year, and the unemployment rate has edged up but remains low through August [1] - Recent indicators are consistent with the developments in job gains and unemployment [1] - Inflation has moved up since earlier in the year and remains somewhat elevated [1] Monetary Policy Decisions - The Federal Open Market Committee (FOMC) has lowered the interest rate paid on reserve balances to 3.90%, effective October 30, 2025 [8] - The FOMC will conduct open market operations to maintain the federal funds rate within the target range of 3.75% to 4% [8] - The FOMC has approved a 0.25 percentage point decrease in the primary credit rate to 4.0%, effective October 30, 2025 [8] Committee Actions - The FOMC is committed to supporting maximum employment and returning inflation to its 2% objective [3] - The Committee will continue to monitor incoming information and adjust monetary policy as necessary [4][5] - Voting members included Jerome H. Powell and others, with dissenting votes from Stephen I. Miran and Jeffrey R. Schmid [6]

Good afternoon. Um, my colleagues and I remain squarely focused on our achieving our dualmandate goals of maximum employment and stable prices for the benefit of the American people. Although some important federal government data have been delayed due to the shutdown, the public and private sector data that have remained available suggest that the outlook for employment and inflation has not changed much since our meeting in September.Conditions in the labor market appear to be gradually cooling and inflat ...

The central bank signaled it has emptied its toolbox to help an economy hurting from the trade row with the U.S. ...

CONCLUDED Stock Market News From Oct. 29, 2025: Stocks and Bonds Take a Hit Last Updated: 4 hours ago Josh Schafer Stocks quickly dipped on Wednesday afternoon as Federal Reserve Chair Jerome Powell said officials had "strongly differing views about how to proceed" with monetary policy in December. "A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it," Powell said. The S&P 500 fell nearly 0.4% while the Dow Jones Industrial Average slid 0.3%. The Nasdaq C ...