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Fed makes second consecutive interest rate cut
NBC News Clone summarizes the latest on: Fed Makes Second Consecutive Interest Rate Cut 250925125524 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.
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The Federal Reserve cut interest rates for the second consecutive time, despite little recent visibility on economics data due to the government shutdown. The central bank voted to lower borrowing costs by a quarter of a percentage point, with Fed chair Jerome Powell saying that no decision has been made yet on lowering rates again in December. Oct. 29, 2025
