US Fed Meeting, Oct. 30 -- The Jerome Powell-led US Federal Reserve's Federal Open Market Committee (FOMC) in its October 2025 policy decision announcement decided to cut the key benchmark interest rates by 25 basis points to the range of 3.75% to 4.00%, according to the official data released on 29 October 2025.

The US central bank's move to cut the interest rates for the second time comes amid elevated levels of inflation in the country and a full-scale US government shutdown, resulting in the lack of economic data for the Fed to analyse.

The October 25 bps interest rate cut comes after the FOMC cut the key rates for the first time in September 2025. The committee had kept the interest rates unchanged since December 2024.

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