Fed Chair Powell Cautions Against Expecting a December Rate Cut
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AI-PoweredFederal Reserve Chair Jerome Powell cautioned investors against expecting a December rate cut, stating it's not a 'foregone conclusion', following the Fed's decision to lower the target federal funds rate by a quarter percentage point.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
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)
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