The Federal Reserve on Wednesday cut interest rates by 25 basis points – or 0.25% to 4%. The vote was 10-2. This is the second interest rate cut this year. Last month the Fed reduced interest rates by 25 basis points. The S&P 500 and Dow tumbled after Jerome Powell said officials had different views about the Fed’s December meeting. “A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” Powell said. WATCH: Federal Reserve Chairman Jerome Powell said that a December interest rate cut 'is not a foregone conclusion' after the central bank cut rates by a quarter percentage point https://t.co/9Hg8T2PyPj pic.twitter.com/8s1pQq4G6m — Reuters (@Reuters) October 29, 2025 CNBC reported: The Federal Reserve policymakers announced…
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