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Why the Fed cut interest rates again despite inflation remaining above target

Name: Why the Fed cut interest rates again despite inflation remaining above target
Uploaded: 2025-10-29T17:08:00-0400
Duration: 2 min 52 s
Description: The Federal Reserve on Wednesday cut interest rates for the second consecutive time despite inflation remaining above its target rate. CBS News MoneyWatch correspondent Kelly O'Grady explains why.

The Federal Reserve on Wednesday cut interest rates for the second consecutive time despite inflation remaining above its target rate. CBS News MoneyWatch correspondent Kelly O'Grady explains why.