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19%  
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  • Federal Reserve cuts rates to lowest level in three years

    10/29/2025 3:05:58 PM PDT · by SeekAndFind · 7 replies
    CNN ^ | 10/29/2025 | Bryan Mena, Elisabeth Buchwald, John Towfighi and Matt Egan
    Federal Reserve officials voted for another quarter-point rate cut on Wednesday, lowering their benchmark lending rate to a range between 3.75% and 4%, the lowest in three years. The decision drew two dissents; one from Fed Governor Stephen Miran, who backed a larger, half-point cut; and another from Kansas City Fed President Jeffrey Schmid, who preferred to hold borrowing costs steady. It is the first time since 2019 that there were dueling dissents — both calling for easier and tighter policy — underscoring the heated debate among officials over how President Donald Trump’s sweeping policies on trade, immigration and spending...