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The Latest Breaking News from Jerome Powell

The rate cut skeptics' case

Federal Reserve hawks argue that cutting rates further right now would be a mistake.

Axios

Powell suggested tech giants fueling the AI boom and GDP hardly care about Fed rate tweaks. They just proved him right

Powell said companies are “making money in building [data centers]—it’s not about 25 basis points here or there.”

Fortune

US and Canada Slash Interest Rates as Economic Pressures Mount — But Will It Be Enough to Avert a Slowdown?

The US Federal Reserve and the Bank of Canada have both cut their benchmark interest rates by 0.25% to stimulate economic activity amid ongoing challenges.

International Business Times UK

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Meta Tumbles 10%, Google Marks Historic Rally: What's Moving Markets Thursday?

Wall Street saw a cautious tone on Thursday as major tech-heavy indexes edged lower, weighed down by mixed earnings from the mega-caps and the lingering impact of hawkish remarks from Fed Chair Jerome Powell the day before.

Benzinga

WPP woes keep lid on FTSE and pound extends falls

WPP plunged 17% as it warned performance in the year-to-date was at the ‘low-end of expectations’ as it cut the company’s outlook.

Evening Standard

Jerome Powell says the AI hiring apocalypse is real: 'Job creation is pretty close to zero.’

Powell said the Fed is walking a tightrope as AI-fueled investment props up growth but erodes hiring.

Fortune

Powell comments about future rate cuts reflect growing division within the Fed

Federal Reserve chair Jerome Powell this week acknowledged "strongly differing views" on the committee about a December rate cut.

Axios

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Bitcoin Sells Trump-Xi Deal, Fed Rate Cut: Is A Breakdown To $93,000 Next?

Bitcoin (CRYPTO: BTC) is trading below $108,000 after the Federal Reserve's 25-basis-point rate cut failed to lift markets, with charts pointing to deeper losses.

Benzinga

Powell Taps The Brakes In The Fog, But Traders Keep Hitting The Gas

Fed Chair Jerome Powell firmly pushed back against market expectations for a December rate cut on Wednesday, cautioning that it's more prudent to slow down when visibility is low—yet his remarks only modestly dented investor optimism, with traders still essentially betting on another move by the end of the year.

Benzinga

A Divided Fed

Plus: "Freeze the rent" hypocrisy, B-52s near Caracas, the Armani class votes Mamdani, and more...

Reason

Powell gave traders a green light to double down on AI—but the markets punished Meta and Microsoft anyway

The market declined to demonstrate irrational exuberance despite upbeat remarks from the Fed.

Fortune

Eurozone GDP beats forecasts: Portugal emerges as growth leader

Eurozone gross domestic product rose 0.2% in the third quarter of 2025, compared to the previous quarter. Within member states, Portugal recorded the highest growth rate at 0.8%.

Euronews

The AI boom isn't going anywhere

The longer the boom can keep carrying the economy, the more it can offset other structural changes.

Axios

Fed Rate Cut: How Will It Lower Your Credit Card and Mortgage Payments?

Jerome Powell's 29 Oct Fed rate cut drops benchmark to 3.75%-4% – explore credit card APR lower, mortgage rates drop, savings yield decline impacts on auto loans, student debt amid inflation

International Business Times UK

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Euronews

Fed cuts key rate yet Powell says future reductions are not locked in

The Independent UK

Asian shares, oil prices fall back following Trump's meeting with Chinese leader Xi

Asian shares have retreated after President Donald Trump's meeting with Chinese leader Xi Jinping

Fortune

Bitcoin, Ethereum dip after Fed chair hints that 25-point rate cut may be last of 2025

The total market capitalization of all cryptocurrencies dropped 1.8% on Wednesday.

Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Dip As Fed Chair Powell Pours Cold Water On December Rate Cut Hopes: Analyst Says Watch Out For These Key BTC Levels

Leading cryptocurrencies fell alongside major stock indexes on Wednesday as Federal Reserve Chair Jerome Powell said that a year-end interest rate cut is “not a foregone conclusion.”

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Benzinga

Stocks Slide As Powell Cools Rate-Cut Hopes: These 15 Stocks Are Feeling The Pinch

Stocks sold off late Wednesday after Fed Chair Jerome Powell pushed back on expectations for another interest rate cut in December, warning that such a move is "far from a foregone conclusion” as the Federal Open Market Committee remains divided and incoming data remains clouded by shutdown-related gaps.

Fortune

Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’

However, the Fed chair noted that the growth is unevenly distributed and concentrated among only a few companies.

Kiplinger

Dow, S&P 500 Slip on December Rate Cut Worries, Nvidia Boosts Nasdaq: Stock Market Today

Nvidia became the first company ever to boast a $5 trillion market cap, but it wasn't enough to lift the Dow and the S&P 500.

Benzinga

Rocket Companies (RKT) Stock Is Sliding Wednesday: What's Going On?

Rocket Companies Inc (NYSE:RKT) shares are trading lower on Wednesday afternoon, caught in a broader market sell-off fueled by comments from Federal Reserve Chair Jerome Powell. Here’s what investors need to know.

Benzinga

Powell Cools Hopes For December Rate Cut: 'Far From A Foregone Conclusion'

Fed Chair Jerome Powell threw cold water on investor hopes for another interest rate cut in December, stressing that the Federal Open Market Committee remains deeply divided and that the road ahead is clouded by data gaps and conflicting risks between the central bank’s objectives.

Fortune

Powell warns not to count on a December rate cut just yet—the Fed is extremely divided, and a further cut is ‘not a foregone conclusion. Far from it’

The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.

Axios

Fed cuts rates again but throws cold water on a December rate cut

The move comes as the ongoing government shutdown restricts the release of critical economic data.

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