Fed Cuts Interest Rate Again as Layoffs Mount: What it Means for Mortgages as Markets React
Thursday, October 30th, 2025
The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown.
Fed Chair Jerome Powell joined the 10-2 majority on the Federal Open Market Committee (FOMC) to vote for the quarter-point rate cut at Wednesday's meeting in Washington DC.
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