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Fed lowers interest rates by 0.25 percentage points

Name: Fed lowers interest rates by 0.25 percentage points
Uploaded: 2025-10-29T14:00:00-0400
Duration: 3 min 26 s
Description: The Federal Reserve announced Wednesday that it will lower its benchmark interest rate by 0.25 percentage points in its second straight cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.

The Federal Reserve announced Wednesday that it will lower its benchmark interest rate by 0.25 percentage points in its second straight cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.