Markets Tumble After Fed Lowers Interest Rates—But Powell Won't Promise Another Cut
Forbes·2025-10-30 03:25
ToplineThe Federal Reserve on Wednesday voted to lower interest rates for the second straight month, but the broader market reacted negatively after Fed Chair Jerome Powell suggested an additional cut may not come later this year. Some policymakers have expressed caution about lowering rates further, while President Donald Trump and his recent appointee have pushed for steep cuts.Copyright 2025 The Associated Press. All rights reserved.Key FactsThe Federal Open Market Committee voted 10-2 in favor of easing ...