Interest rates should continue their downward journey, as forecasters expect another rate cut from the Fed on Oct. 29. Are more cuts coming?

The Fed on Wednesday announced its second interest-rate cut of 2025, reducing borrowing costs in a move to spur U.S. hiring.

Last month, the Federal Open Market Committee (FOMC), a policymaking body at the Fed, projected two additional quarter-point rate cuts over the remainder of the year. By contrast, Trump has called for rate cuts totaling as much as 3 percentage points. Trump has carried out a pressure campaign at the Fed with little precedent.

Mortgage rates are already at their lowest levels in over a year, so it remains to be seen whether the Federal Reserve's October rate cut will drive rates lower – or if the rate cut was already priced in.

After the Fed's latest rate cut, borrowing against your home's equity has become even more affordable than it was.

While policymakers delivered on their second-consecutive rate reduction on Wednesday, Powell sparked a market selloff by saying further easing at the last meeting of the year “is not a forgone conclusion.

By Noel John (Reuters) -Gold prices fell by 1% on Friday, weighed by uncertainty around another U.S. Federal Reserve interest rate cut this year, but the metal remained poised for a third straight monthly gain.

The Federal Reserve this week cut interest rates again. How will the dollar react? The chart from Macrobond shows how the dollar index DXY has moved in a year’s worth of trading sessions before and after the last five cuts.