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The Latest Breaking News from Jerome Powell

Wall Street is on tenterhooks over the Fed’s ‘rare, genuinely suspenseful’ December meeting, because the committee itself doesn’t know what to make of the data—or of one another

A divided Fed meets amid mixed jobs and inflation signals, leaving Chair Jerome Powell with a suspenseful December.

Fortune

Suddenly, the Fed interest rate cut in December looks like it is very much back on the table

Last week, Wall Street seemed to have decided that a December cut was off the table. Today speculators put the probability of Fed Chairman Jerome Powell delivering a rate cut at 75.5%.

Fortune

The Fed is so divided that the next vote on rates could result in an unprecedented tie, analysts say. ‘Then things would get really messy’

Capital Economics sketched out a potential scenario where six Fed policymakers vote to keep rates steady while six vote to cut them again.

Fortune

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US data agency cancels October inflation report as Fed considers whether to cut rates

Bureau of Labor Statistics canceled release of October’s consumer price index, citing the government shutdown

The Guardian - US

Stock Market Records Don't 'Put Food on Table' – Analyst Says American Consumer 'Weary' Amid Inflation

US equities notched record gains in October amid the artificial intelligence-led bull run, interest rate cuts and easing trade tensions between Washington and Beijing. The SP 500 hit the 6,900 mark on an intraday basis for the first time on Oct. 28, while the Dow Jones Industrial Average logged its…

Benzinga

The funniest possible outcome of the December Fed meeting

One plausible result of December's vote would create a stunning irony.

Axios

VIX Surges 50% In November: History Shows Patient Investor Win Big After Panic

Market volatility made a sharp comeback Thursday, with the CBOE Volatility Index – commonly called the VIX or Wall Street's fear gauge – closing 11.4% higher to 26.3 levels, as concerns around overheated tech valuations and uncertain monetary policy rattled investor sentiment.

Benzinga

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Gold, Bitcoin and Stock Market Today Reeling from Black Thursday Plunge

Gold, bitcoin, and US stocks plunged on fading hopes for a December rate cut.

International Business Times UK

Powell Set For A 'Dovish Hold' In December, Economists Say After Jobs Data

Fed Chair Jerome Powell is expected to keep interest rates steady at the final Federal Reserve meeting of the year, but economists say he could strike a more dovish tone as the labor market showed mixed signs.

Benzinga

Trump tells Scott Bessent to fix the Fed’s high interest rates or ‘I’m going to fire your ass’

The president also disclosed for the first time that Bessent has been advocating for Powell to remain as chair until his term expires in May.

Fortune

The latest Fed minutes read like another nail in the coffin for a December cut

It’s looking increasingly likely that Jerome Powell’s Christmas gift to markets will be an economic lump of coal, rather than what’s on Wall Street’s wish list.

Fortune

Trump on Fed Chair Powell: "I'd love to fire his ass"

President says the only thing his Treasury Secretary is "blowing it on is the Fed."

Axios

Uncertainties over economy threaten Federal Reserve interest rate cut

A December rate cut is far from certain as inflation continues to run above the Fed's target. At the same time, risks to the US job market remain.

Euronews

Trump Slams Jerome Powell As 'Too Late' And 'Stupid': Says He Wants Him Out 'Right Now,' But Some People Are 'Holding Me Back'

President Donald Trump issued his sharpest critique yet against Federal Reserve Chair Jerome Powell, while confirming that he’s begun interviewing candidates for the top central bank role.

Benzinga

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Axios

Key Fed official was under investigation over stock trades

Adriana Kugler abruptly resigned from the Fed's Board of Governors in August.

Fortune

Trump blames 'Too Late Powell' for the housing crisis—but top analysts say low rates 'snapped the trap shut' on Millennial and Gen Z homeowners in the first place

Despite multiple Fed cuts, mortgage rates remain elevated as lenders largely ignore monetary policy amid tight housing supply, pandemic-era buying.

Fortune

Crypto market plunges as Bitcoin falls below $97,000

Another rough week prolongs crypto’s month-long slide.

Fortune

Butchered jobs and inflation data may add fuel to the fire of uncertainty already blazing in the markets

A worldwide selloff accelerates as patchy U.S. data clouds the Fed’s next move, sending Wall Street tumbling and volatility surging into the end of the week.

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The Independent UK

The unprecedented government shutdown will weigh on a US economy already under stress

The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure

Kiplinger

What's Next for the Fed — as an Institution?

The U.S. central bank was already contending with economic challenges. Now comes a political one.

The Guardian - US

Atlanta Fed chair steps down as Trump attacks central bank’s independence

Raphael W Bostic will retire in February – creating another vacancy on Federal Reserve’s powerful policy committee

Fortune

Hopes for a December rate cut are fading fast despite labor fears—Jerome Powell will have his work cut out attempting to unite the Fed

Weaker labor market data should be building the case for Powell to post a cut—and yet expectations are leaning toward the hawkish.

GOBankingRates

5 Economic Shifts To Expect Before 2025 Ends, According to Jaspreet Singh

Learn how they might affect Americans and the global economy.

The Independent UK

Shutdown to leave mark on US economy from lost paychecks, canceled flights

The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy

Fortune

'Yikes': Top investment bank looks under the hood of the economy and finds 'the labor market doesn't look that good'

We've heard the labor market is in a "low-hire, low-fire" kind of environment. The "low hire" part seems to be true, the other not so much.

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