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GOBankingRates
GOBankingRates
Chris Adam

Fed Rate Cuts Are Here and Could Change Your Finances — What You Can Do Now

Pla2na / iStock.com

The Federal Reserve cut its benchmark interest rate by a quarter point on Oct. 29, for the second time since September 2025. This move is closely watched by homebuyers, refinancers, and investors alike, because the federal funds rate is the rate at which banks borrow and lend to one another.

Read More: Fidelity Says This Is a Surprising Risk of Holding Too Much Cash — Do You Have Too Much?

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