On Wednesday, the Federal Reserve delivered its second consecutive rate cut amid economic uncertainty, President Donald Trump finalized a landmark trade deal with South Korea, General Motors announced sweeping EV layoffs, and Nvidia became the first company in history to hit a $5 trillion market valuation. Fed cuts rates, ends QT program The Federal Reserve approved its second straight interest rate cut on Wednesday, lowering the benchmark federal funds rate by 25 basis points to a range of 3.75%–4%. The decision, supported by a 10–2 vote, came despite limited economic visibility due to the ongoing government shutdown,...
Friday 31 October 2025
wn.com - 2 days ago
US digest: Fed cuts rates again, Nvidia hits $5T milestone, US South Korea deal
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