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Morning Wire

Evening Wire: The Fed Cuts Rates & Melissa Hits Cuba | 10.29.25

Morning Wire

The Daily Wire

Daily News, News

4.925.6K Ratings

🗓️ 29 October 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Federal Reserve makes another rate-cut decision, Hurricane Melissa makes landfall in Cuba, and our nation’s capital sees a spike in violence. Get the facts first with Evening Wire. - - - Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 - - - Privacy Policy: https://www.dailywire.com/privacy morning wire,morning wire podcast,the morning wire podcast,Georgia Howe,John Bickley,daily wire podcast,podcast,news podcast Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:32.9

The Federal Reserve makes another rate cut decision. Hurricane Melissa makes landfall in Cuba,

0:39.3

and our nation's capital sees a spike in violence. I'm Georgia Howe with Daily Wire Executive

0:44.5

Editor John Bickley. It's Wednesday, October 29th, and this is Evening Wire.

0:50.2

The Federal Reserve slashed rates today in a move they say will keep the job market afloat.

0:55.5

Daily Wire senior editor Cabot Phillips reports.

0:58.1

The Fed has lowered its benchmark rate by a quarter point, down to a range of 3.75 to 4%.

1:03.5

It's the second cut this year following a similar move in September.

1:07.5

Policymakers now say they're walking a tightrope by trying to support a slowing labor

1:11.0

market without letting inflation, which is slightly above the Fed's 2% target, get out of control.

1:16.6

The central bank blamed tariff pressures and global trade uncertainty for current rising prices

1:21.0

and hinted that it could act again if hiring continues to weaken.

1:25.0

After leaving devastation in Jamaica, a weekend but still strong

1:28.9

Hurricane Melissa made landfall in Cuba early this morning. The Category 3 storm clocked wind speeds

1:34.5

of about 125 miles per hour, causing widespread flooding and power outages. The storm has since

1:40.2

weakened to a category 2 and now travels toward the Bahamas, where it's expected to make

...

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