News & Stories Economy Federal Reserve cuts interest rates again as concerns grow about U.S. job market Scott Horsley Scott Detrow October 29, 2025 / 1:17 pm The Federal Reserve lowered its benchmark interest rate today for the second time in six weeks. The central bank is trying to shore up the sagging job market. Why you can trust KUOW Recommended Stories Tech layoffs drive Seattle-area unemployment above 5% January 21, 2026 Could fewer shops lead to lower housing costs in Washington? Gov. Ferguson hopes so January 15, 2026 What's hidden behind your credit score? January 14, 2026