US Fed cuts rates quarter point, but Powell suggests the move may be the last of 2025

US Fed cuts rates quarter point, but Powell suggests the move may be the last of 2025

The Straits Times - Business·2025-10-30 09:00

WASHINGTON - A divided US central bank lowered interest rates on Oct 29 and Federal Reserve Chair Jerome Powell signalled it may be the last cut of the year, especially if the lack of official data during the ongoing government shutdown continues to shroud the true state of the economy in uncertainty.

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