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Fed Delivers Expected 25 Basis Point Rate Cut as Markets Await Powell’s Comments
Headed lower on Wednesday ahead of the decision, bitcoin remained so in the minutes following the news at $111,700, down 3% over the past 24 hours.
Updated Oct 29, 2025, 6:27 p.m. Published Oct 29, 2025, 6:03 p.m.
What to know:
- The Federal Reserve trimmed its benchmark fed funds rate range by 25 basis points to 3.75%-4.0%, a move that was widely anticipated by markets.
- Bitcoin continued with roughly 3% losses over the past 24 hours.
- Markets are awaiting Chairman Jerome Powell's post-meeting press conference for further clues about the central bank's outlook.
As widely anticipated, the U.S. Federal Reserve cut its benchmark interest rate range by 25 basis points to 3.75% to 4.0%. Also as generally expected, the Fed moved to conclude the reduction of the securities held on its balance sheet on December 1, i.e., the so-called "quantitative tightening" process.
"Job gains have slowed this year, and the unemployment rate has edged up but remained low through August," read the bank's policy statement. "Inflation has moved up since earlier in the year and remains somewhat elevated."
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Interestingly, there was some opposition to the rate cut, with Kansas City Fed President Jeffrey Schmid voting to hold policy steady. As he did last meeting, Fed Governor Stephen Miran voted for a 50 basis point rate cut.
Lower on the session ahead of the rate decision, bitcoin remained so in the minutes following the news, trading at $111,700, down 3% over the past 24 hours.
Stocks continued with modest gains on the session, the Nasdaq leading the major averages with a 0.5% advance. The 10-year Treasury yield rose three basis points to 4.02% and the dollar strengthened.
Market participants are now focused on Fed Chair Jerome Powell’s press conference at 2:30 p.m. ET for any signals regarding the central bank's thinking on the economy, inflation, and interest rates. For now, traders are fully expecting another 25 basis point rate cut at the Fed's final meeting of the year in December.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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