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Fed Delivers Despite Data Drought
The Federal Reserve on Wednesday announced a widely anticipated 25-basis-point (bp) rate cut, bringing the federal funds target range to 3.75%–4.00%. With markets priced for this move and the Fed operating in a data vacuum due to the U.S. government shutdown, the rate cut and modest statement changes were largely uneventful. What was more eventful was Fed Chair Jerome Powell’s press conference, where he emphasized that rate cuts at future meetings – including December – are “not a foregone conclusion.” Back in September, Fed projections indicated a majority (albeit not all) of participants favored a total ... (full story)
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Oct 30, 2025 12:12pm
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The Federal Reserve on Wednesday approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw doubt on whether another reduction is coming in December. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. In addition to the rate ...
From scotiabank.com | Oct 29, 2025
The FOMC cut its fed funds target rate range by 25bps as widely expected. The new range is 3.75–4%. The end of the policy of Quantitative Tightening was announced and is to be implemented on December 1st. So far so good in terms of expectations. And none of that mattered. It was Chair Powell’s press conference that rocked markets before handing over to ...
Fed's Powell: If we see data labour market is stabilizing, or strengthening, it would play into policy decisions. Fed's Powell: Not seeing an uptick in claims, or a downtick in openings, suggests gradual cooling, gives some comfort. FED’S POWELL: IF THERE WERE A SIGNIFICANT CHANGE IN THE ECONOMY, WE WOULD LIKELY DETECT IT Fed's Powell: If there is a high level of uncertainty, that could be an argument for caution on moving. Fed's Powell: For today's rate cut, a strong, solid vote, and the strongly differing views were really about the future.
