Fed Chair Powell Cautions Against Expecting a December Rate Cut
Federal Reserve Chair Jerome Powell warns investors not to assume another interest-rate cut is coming in December, saying it's "not a foregone conclusion." On Wednesday, the Federal Open Market Committee...
By Bloomberg Markets · Bloomberg Markets
Federal Reserve Chair Jerome Powell warns investors not to assume another interest-rate cut is coming in December, saying it's "not a foregone conclusion." On Wednesday, the Federal Open Market Committee voted 10-2 to lower the target range for the federal funds rate by a quarter percentage point to 3.75%-4%. These are highlights from Powell's press conference following the decision. (Source: Bloomberg)