The Federal Reserve cut its key overnight lending rate again on Thursday, following on the heels of a half-point cut in mid-September.

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.

After delivering back-to-back interest rate cuts this fall, the Federal Reserve is on a cautious, data-dependent path. Whether due to economic uncertainty, election implications, or a declaration of “mission accomplished” on the inflation front,