Fed lowers interest rates, stocks close mixed, dollar jumps

Lola Evans
30 Oct 2025, 16:36 GMT+10

The NASDAQ Composite outperformed, advancing 0.56 percent to 23,958.47.
The Dow Jones Industrial Average declined 0.15 percent to close at 47,632.65.
The Standard and Poor's 500 was unchanged, slipping 0.22 points to close at 6,890.67.

NEW YORK, New York - U.S. stocks stopped for breath on Wednesday after the Federal reserve lowered interest rates as expected, but cast doubt on a further December cut, anticipated by market participants.

"In the committee's discussions at this meeting, there were strongly differing views about how to proceed in December," Chair Jay Powell said during his post-meeting news conference. "A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it," he said.

While stock markets sobered up, the U.S. dollar firmed.

Earlier the official FOMC statement outlines reasons for Wednesday's interets rate decision. "In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent. In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks," the FOMC statement said.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.

More Information

Financial Markets

Section

Wall Street finishes higher after Amazon surprises markets

NEW YORK, New York - U.S. stocks rebounded Friday to close out the day, week and month on a positive note. Driving Friday's rally was...

Trump trims China tariffs after ‘amazing’ Xi meeting in Busan

BUSAN, South Korea: U.S. President Donald Trump said he had reached an agreement with Chinese President Xi Jinping to cut tariffs on...

Amazon to Nestlé cut thousands as AI, tariffs squeeze business

NEW YORK CITY, New York: Global corporations are cutting tens of thousands of jobs as weak consumer sentiment, new leadership shakeups,...

Fed lowers interest rates, stocks close mixed, dollar jumps

NEW YORK, New York - U.S. stocks stopped for breath on Wednesday after the Federal reserve lowered interest rates as expected, but...

Barclays expands US footprint with $800 million Best Egg buy

LONDON, U.K.: Barclays has agreed to acquire U.S. personal loan originator Best Egg for US$800 million, marking its latest move to...

LVMH, Hermès target China’s rich as luxury spending steadies

SHANGHAI, China: Luxury brands are redoubling efforts to charm wealthy Chinese shoppers as spending slowly revives, betting that exclusive...

Technology

Section