The 10-year Treasury yield was up to about 4.13% on Friday, signaling concerns in the bond market aren't thrilled with the Federal Reserve's messaging around its first rate cut in nine months, according to Arthur Laffer Jr.

Dow, S&P 500, and Nasdaq futures are stalling in premarket trading Friday after a Fed rate cut sparked a rally to record highs in the previous session. President Donald Trump's expected call with China's Xi Jinping will be in focus as TikTok and Tariffs remain hot topics for stock markets.

The Federal Reserve's first interest rate cut since December could be followed by more reductions later in 2025. Here's what to know.

After a lengthy pause, the Federal Reserve on Sept. 17 announced a quarter percentage point cut to its benchmark interest rate. Economists say it is likely the first in a series of reductions that should make borrowing more accessible for consumers.

The Federal Reserve voted Sept. 17 to cut the federal funds rate by one quarter of a percentage point. It was a move long anticipated by financial markets, and also by regular folks watching the housing market: Potential home buyers who've been sidelined by high mortgage interest rates and newer homeowners hoping to refinance their loans.

Steve Eisman, famous for shorting the US housing market in 2008, says he doesn't think the Fed will cut interest rates much more this cycle.

Secretary of State Marco Rubio said the United States would negotiate agreements to deliver aid in new ways and would focus on the Western Hemisphere and Asia Pacific.

South Florida-based Spirit Airlines intends to cut capacity by 25% and is likely to reduce staff as management develops a plan to make the airline profitable while under Chapter 11 bankruptcy

The Federal Reserve’s 25-basis-point “'insurance cut' was as much about optics as policy,” said Stephen Innes, managing partner at SPI Asset Management, who added that the “very need to cut flags a more fragile demand outlook” for oil.