The Fed is expected to cut interest rates as job market shows signs of weakness

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Fed live updates: Powell says another rate cut in December 'is not a foregone conclusion'

Townhall

'Too Late' Powell Issues Second Interest Rate Cut

The U.S. Federal Reserve (Fed) reduced its benchmark interest rate by a quarter percentage point on Wednesday, bringing the rate to a range of 3.75% to 4%, marking the first time rates have fallen below 4% since late 2022.

New York Post

The U.S. Federal Reserve (Fed) reduced its benchmark interest rate by a quarter percentage point on Wednesday, bringing the rate to a range of 3.75% to 4%, marking the first time rates have fallen below 4% since late 2022.

The rate cut decision passed with a 10-2 vote, with Fed Governor Stephen Miran dissenting in favor of a larger half-point reduction and Kansas City Fed President Jeffrey Schmid opposing any rate cut due to inflation concerns.</span

FOX News

Wall Street Journal

The rate cut decision passed with a 10-2 vote, with Fed Governor Stephen Miran dissenting in favor of a larger half-point reduction and Kansas City Fed President Jeffrey Schmid opposing any rate cut due to inflation concerns.

The ongoing government shutdown has created a data blackout for Fed policymakers, with the Bureau of Labor Statistics suspending collection of employment reports and the White House warning that October's inflation data may not be published.</span

The New York Times

The ongoing government shutdown has created a data blackout for Fed policymakers, with the Bureau of Labor Statistics suspending collection of employment reports and the White House warning that October's inflation data may not be published.

Major corporations have announced significant layoffs recently, with Amazon planning to cut 14,000 corporate positions and Target eliminating approximately 1,000 jobs while leaving another 800 positions unfilled.</span

Major corporations have announced significant layoffs recently, with Amazon planning to cut 14,000 corporate positions and Target eliminating approximately 1,000 jobs while leaving another 800 positions unfilled.

Fed Chair Jerome Powell stated that a December rate cut is not a foregone conclusion, noting strongly differing views among committee members about future policy moves despite September projections indicating two cuts this year.</span

Fed Chair Jerome Powell stated that a December rate cut is not a foregone conclusion, noting strongly differing views among committee members about future policy moves despite September projections indicating two cuts this year.

The Federal Reserve also announced it will end its quantitative tightening program on Dec. 1, stopping the reduction of its $6.6 trillion asset portfolio amid signs of strain in short-term lending markets.

Barrons

The Federal Reserve also announced it will end its quantitative tightening program on Dec. 1, stopping the reduction of its $6.6 trillion asset portfolio amid signs of strain in short-term lending markets.

Fed Cuts Rates to 3.75-4%, First Drop Below 4% Since 2022

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Fed Cuts Rates to 3.75-4%, First Drop Below 4% Since 2022

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