- Reaction score
- 755
Powell keeps rate-cut timing uncertain, pushing back on calls to act soon and leaving the Fed’s path wide open—read the latest from his Congressional testimony.
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New York Fed President John Williams said Friday he expects the central bank can lower its key interest rate from here as labor market weakness poses a bigger threat than higher inflation.
Following his comments, stock market futures rose further into positive territory while Treasury yields were sharply lower and markets priced in a higher probability for a December rate cut.

Text appearing for the first time in the new statement is in red and underlined.
Black text appears in both statements.
So, did it drop from 3-3/4 to 3-1/2? The third paragraph is a little confusing.Here’s what changed in the new Fed statement
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Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in October.www.cnbc.com
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To further confuse us peasants?The rate is a range: It fell from 3.75% - 4.0% TO 3.5% - 3.75%.
I'm not sure why they do the rate range. But it started several years ago.
ThanksThe rate is a range: It fell from 3.75% - 4.0% TO 3.5% - 3.75%.
I'm not sure why they do the rate range. But it started several years ago.
PredictIt
www.predictit.org
• Minneapolis Fed President Neel Kashkari said AI is causing big companies to slow hiring.
• Many businesses are seeing “real productivity gains” because of the technology, Kashkari said.
• Kashkari said he expects to see continued low hiring and low firing in the labor market.
The Senate Banking Committee voted to advance Kevin Warsh’s nomination to lead the Federal Reserve.
The party-line vote tees up President Donald Trump’s pick for a final confirmation vote in the Republican-controlled Senate.
Warsh cleared the hurdle, as expected, hours before the Fed was set to deliver its latest decision on interest rates – possibly for the last time under the current chair, Jerome Powell.
I don't like this guy. Just a feeling and a pesonal opinion.Kevin Warsh clears key Senate hurdle, teeing up final vote
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Trump Fed pick Kevin Warsh clears key Senate hurdle, teeing up final vote
Current Fed Chair Jerome Powell has faced a barrage of criticism from Trump over his refusal to slash interest rates as much as the president wants.www.cnbc.com
An unusually divided Federal Reserve on Wednesday held its key interest rate steady as policymakers grappled with the policy impact of persistent inflation and awaited a looming leadership transition at the central bank.