Apple News Today What the Fed’s latest cut reveals about state of the economy
10 snips
Oct 30, 2025 The Federal Reserve's recent interest rate cut has caused concern as inflation rises and job markets weaken. In Chicago, a judge demands daily court briefings for the ICE commander amid scrutiny of federal enforcement tactics. Meanwhile, Rio de Janeiro grapples with the fallout from a deadly police raid that left over 130 dead, raising human rights questions. Plus, millions face potential healthcare premium hikes, and a newly discovered Dr. Seuss manuscript promises to delight fans.
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Fed Cuts But Signals Caution
- The Fed cut rates again but Chair Jerome Powell signaled further cuts are not guaranteed, urging caution to markets.
- Powell cited uncertainty from the shutdown and said policymakers may slow their approach while data gaps persist.
Jobs Weakening Shapes Policy
- The Fed described inflation as somewhat elevated around 3 percent while prioritizing a softening jobs market in policy decisions.
- Recent big corporate layoffs suggest hiring is weakening and unemployment may rise slightly, altering labor-market dynamics.
K-Shaped Recovery Intensifies
- The market boom this year centered on AI winners like NVIDIA has deepened a K-shaped recovery, with top earners driving most spending.
- Economist Heather Long noted the top 10 percent now account for about half of overall spending, worsening inequality effects.
