With Kirk Peterson
Tuesday, September 30, 2025
Clear Guidance on Markets, Policy, and Portfolios The Federal Reserve cut interest rates by a quarter point in September — its first move of 2025. The Fed also signaled two more reductions could follow before year-end. This decision puts the federal funds rate in a new range of 4.00%– 4.25% and came amid slowing job growth and inflation that remains elevated. Was supported by 11 of 12 voting members, with one dissenting in favor of a deeper cut. Fed Chair Jerome Powell described the move as “risk management,” noting that downside risks to employment have increased. Markets and Treasury yields reacted with volatility as investors weighed the Fed’s path forward.