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Sat, Nov 08, 2025 | Jumada al-Awwal 17, 1447 | Fajr 05:11 | DXB 
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US Fed announces second quarter-point rate cut of 2025
Policymakers voted 10-2 in favor of lowering the bank's key lending rate to between 3.75 percent and 4.00 percent, the Fed said in a statement.
The US Federal Reserve on Wednesday announced its second straight quarter-point interest rate cut to hedge against growing labor market risks, in a meeting that highlighted growing divisions among its ranks.
Policymakers voted 10-2 in favor of lowering the bank's key lending rate to between 3.75 percent and 4.00 percent, the Fed said in a statement.
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Opposed to action were Fed governor Stephen Miran, who backed a half-point cut, and Kansas City Fed president Jeff Schmid, who wanted the Fed to pause rate cuts at this meeting.
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