Fed cuts key rate as shutdown clouds economic outlook
U.S. central bank points to slowdown in labour market in decision
- By: Christopher Rugaber, The Associated Press
- October 29, 2025 October 29, 2025
- 14:19
U.S. central bank points to slowdown in labour market in decision
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Central bank cites easing inflation, ongoing economic weakness, in decision to cut policy rate
Tiff Macklem said policymakers feel the overnight rate is at “about the right level” to keep inflation in check
Fed officials see room to cut from current 4.1% policy rate
Economists expect second consecutive cut to shore up weakening economy
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No big changes expected in government deficits, overall fiscal position
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