POWELL FORCED TO STAVE OFF UPRISINGS IN MARKETS AND ON HIS OWN FED BOARD AS HIS TERM ENDS
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βοΈ Federal Reserve Chair Jerome Powell faces a challenging decision on whether to cut interest rates again in December, amidst a contentious atmosphere among policymakers.
π The Fed approved a quarter percentage point rate reduction, taking the benchmark rate to 3.75%-4% π Powell warned that another cut in December 'is not a foregone conclusion' π Markets still indicate a 75% probability of a cut in December, down from 90% the day before π Powell's comments were seen as a attempt to squash speculation about December's rate decision
-- #JeromePowell #AdityaBhave #MichaelGapen #DonaldTrump #ScottBessent #ChristopherWaller #MichelleBowman #StephenMiran #JeffreySchmid #DavidMericle #EdYardeni #DanNorth #Washington,DC #US #politics
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