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 Amazon lays off 16,000 employees in major reduction of force January 28, 2026 Seattle's job market shrunk in 2025, marking first dip since Covid January 27, 2026 Tech layoffs drive Seattle-area unemployment above 5% January 21, 2026
