Urgent: U.S. Fed cuts interest rate by 25 basis points-Xinhua

Urgent: U.S. Fed cuts interest rate by 25 basis points

Source: Xinhua| 2025-10-30 02:03:00|Editor:

WASHINGTON, Oct. 29 (Xinhua) -- The U.S. Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points to 3.75 to 4 percent, marking its second rate cut this year.

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