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News Wrap: Fed cuts interest rates for 2nd time this year

News Wrap: Federal Reserve cuts interest rates for 2nd time this year

10/29/2025 | Expires 11/28/2025

PBS News Hour

News Wrap: Fed cuts interest rates for 2nd time this year

Clip: 10/29/2025 | 6m 23sVideo has Closed Captions

News Wrap: Federal Reserve cuts interest rates for 2nd time this year

In our news wrap Wednesday, the Federal Reserve cut its topline interest rate by a quarter-point for the second time this year, President Trump is due to meet China's Xi Jinping on the last leg of his Asian tour, the U.S. is reducing its military presence along NATO's border with Ukraine and Israel carried out a strike on Northern Gaza even as it says its ceasefire with Hamas is still in place.

10/29/2025 | Expires 11/28/2025

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...

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