CNN 5 Things Fed Cuts Rates, Bahamas on Alert, Louvre Heist Suspects and more
4 snips
Oct 29, 2025 The Federal Reserve announces its lowest interest rates in three years, stirring up discussions on economic implications. The Bahamas is on high alert as Hurricane Melissa wreaks havoc, causing significant destruction in the Caribbean. Tensions rise over food stamp benefits for millions amid a looming government shutdown. A jewelry heist at the Louvre sees two suspects admit involvement, while others remain at large. Meanwhile, a trial unfolds surrounding the shooting of a Virginia teacher by a first grader, raising serious legal questions.
AI Snips
Chapters
Transcript
Episode notes
Fed Lowers Rates Amid Uncertainty
- The Federal Reserve cut rates by a quarter point to the lowest level in three years to try to prevent a surge in unemployment.
- Officials remain divided and a December cut is uncertain after Chairman Jerome Powell warned it is "not a foregone conclusion."
Caribbean Reels After Melissa's Fury
- Hurricane Melissa struck Jamaica as a Category 5 and later hit Cuba as a Category 3, leaving widespread damage and power outages.
- The storm has killed more than 30 people across the Caribbean and has Jamaica, Cuba and Haiti struggling with blocked roads and flooded communities.
SNAP Payments At Risk During Shutdown
- The government shutdown threatens SNAP benefits, with some recipients possibly missing November payments as states distribute on a rolling basis.
- Political leaders clash over responsibility and whether standalone bills to fund SNAP will be considered in the Senate and House.