Fed Cuts Rates For Second Straight Meeting

2025-10-31 16:08:00 ET

By Bryan Cutsinger

On Wednesday, the Federal Reserve lowered its federal funds target range by 25 basis points, to 3.75–4.0 percent, its second cut in as many meetings. The move came as no surprise to markets, which had largely anticipated another reduction despite inflation remaining stubbornly high . Two officials dissented in opposite directions: Governor Stephen Miran favored a larger 50-basis-point cut, while Kansas City Fed President Jeffrey Schmid preferred to hold rates steady....

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