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US Fed 'almost set' to cut interest rate today
Millennium Post Delhi
|New Delhi 29October2025
The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring.
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A cut on Wednesday would be the second this year and could benefit consumers by bringing down borrowing costs for mortgages and auto loans. Since Fed chair Jerome Powell strongly signalled in late August that rate cuts were likely this year, the average 30-year mortgage rate has fallen to about 6.2 per cent from 6.6 per cent, providing a boost to the otherwise-sluggish housing market.
This story is from the New Delhi 29October2025 edition of Millennium Post Delhi.
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