The Fed lowered rates by 25 basis points to a 20-month low, but economists say tariffs may throw a wrench in the rate cutting cycle.

Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.

The Federal Open Market Committee (FOMC) decided to cut interest rates by a quarter of a percentage point when it wrapped up its November gathering. The Fed’s decision brings it