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Federal Reserve cuts interest rates again as concerns grow about U.S. job market

By Scott Horsley,

Scott Detrow

Published October 29, 2025 at 4:17 PM EDT

The Federal Reserve lowered its benchmark interest rate today for the second time in six weeks. The central bank is trying to shore up the sagging job market.

Scott Horsley

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.

See stories by Scott Horsley

Scott Detrow

Scott Detrow is a White House correspondent for NPR and co-hosts the NPR Politics Podcast.

See stories by Scott Detrow

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