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18h agoFed Minutes Reveal Rate Cut Division; Powell Speaks Amid US Shutdown Delaying Economic Data
The Federal Reserve remains the focal point for markets as the US government shutdown continues to delay key economic data, including the jobs report. Minutes from the September 16-17 FOMC meeting, released on October 8, showed a divided stance on monetary policy: officials voted 11-1 for a 25 basis point rate cut, bringing the target range to 4.00%-4.25%, with projections suggesting two more cuts in 2025. The sole dissenter, new Fed Governor Stephen Miran, favored a 50 bp reduction. Fed Chair Jerome Powell delivered pre-recorded remarks at the Community Bank Conference on October 9 but offered no new guidance, keeping investors focused on the next FOMC meeting on October 28-29.
neutral-cautious
18h agoFed Minutes Reveal Rate Cut Division; Powell Speaks Amid US Shutdown Delaying Economic Data
The Federal Reserve remains the focal point for markets as the US government shutdown continues to delay key economic data, including the jobs report. Minutes from the September 16-17 FOMC meeting, released on October 8, showed a divided stance on monetary policy: officials voted 11-1 for a 25 basis point rate cut, bringing the target range to 4.00%-4.25%, with projections suggesting two more cuts in 2025. The sole dissenter, new Fed Governor Stephen Miran, favored a 50 bp reduction. Fed Chair Jerome Powell delivered pre-recorded remarks at the Community Bank Conference on October 9 but offered no new guidance, keeping investors focused on the next FOMC meeting on October 28-29.
neutral-cautious
Fed Minutes Reveal Rate Cut Division; Powell Speaks Amid US Shutdown Delaying Economic Data
about 18 hours ago
1 min read
110 words
FOMC minutes show a divided Fed on the September 25 bp rate cut, with one member preferring 50 bp. Powell gave no new policy guidance amid US data delays.
The Federal Reserve remains the focal point for markets as the US government shutdown continues to delay key economic data, including the jobs report. Minutes from the September 16-17 FOMC meeting, released on October 8, showed a divided stance on monetary policy: officials voted 11-1 for a 25 basis point rate cut, bringing the target range to 4.00%-4.25%, with projections suggesting two more cuts in 2025. The sole dissenter, new Fed Governor Stephen Miran, favored a 50 bp reduction. Fed Chair Jerome Powell delivered pre-recorded remarks at the Community Bank Conference on October 9 but offered no new guidance, keeping investors focused on the next FOMC meeting on October 28-29.
The Federal Reserve remains the focal point for markets as the US government shutdown continues to delay key economic data, including the jobs report. Minutes from the September 16-17 FOMC meeting, released on October 8, showed a divided stance on monetary policy: officials voted 11-1 for a 25 basis point rate cut, bringing the target range to 4.00%-4.25%, with projections suggesting two more cuts in 2025. The sole dissenter, new Fed Governor Stephen Miran, favored a 50 bp reduction. Fed Chair Jerome Powell delivered pre-recorded remarks at the Community Bank Conference on October 9 but offered no new guidance, keeping investors focused on the next FOMC meeting on October 28-29.
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Tags:
Federal Reserve (Fed)
Monetary Policy
Federal Reserve (Fed)
Monetary Policy
Interest Rates
FOMC Minutes
US Government Shutdown
Jerome Powell
Economic Data
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