Powell warns not to count on a December rate cut just yet—the Fed is extremely divided, and a further cut is ‘not a foregone conclusion. Far from it’
The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.
Fed to cut rates again in December on weakening job market, say most economists: Reuters poll
The U.S. Federal Reserve will again lower its key interest rate by 25 basis points next month to underpin a weakening labor ...
CoinDesk
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.
Hopes for a December rate cut are fading fast despite labor fears—Jerome Powell will have his work cut out attempting to unite the Fed
Weaker labor market data should be building the case for Powell to post a cut—and yet expectations are leaning toward the ...