Bloomberg Surveillance: The Fed Decides 10/29/2025

Jon Ferro and Tom Keene host a special edition of "Bloomberg Surveillance" covering the Federal Open Market Committee voting to lower the target range for the federal funds rate by a quarter percentage point to 3.75%-4%. In the opening comments of his post-meeting press conference Fed Chair Jerome Powell said “A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it.”