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The Latest Breaking News from Jerome Powell

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.

Benzinga

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.

Fortune

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.

Axios

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Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad

For the first time in modern history, the Fed cut rates without jobs data, acting amid a government shutdown, rising unemployment, and open pressure from the president, who wants Powell gone.

Fortune

Fed cuts interest rates for second time this year amid economic uncertainty

Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffs

The Guardian - US

You can expect a 25 bps cut from the Fed, says Wall Street, but little economic insight from Powell—after all, he doesn’t have much to go on

“Chair Powell’s press conference will pivot away from economic data—given its scarcity—and instead focus on balance sheet policy, the policy framework review, and financial stability,” Deutsche Bank says.

Fortune

Wall Street is in a risk-on mood as it waits for Powell to deliver on the ‘Fed put’

“Earlier this month, markets shifted more towards a ‘central bank put’ regime,” Christian Mueller-Glissmann at Goldman Sachs wrote in a note to clients.

Fortune

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Everyone thinks AI is replacing factory workers, but Amazon’s layoffs show it’s coming for middle management first

As Amazon slashes 14,000 white-collar roles and the U.S. approaches a million job cuts this year, AI’s first major labor casualty might be emerging.

Fortune

Stock Index Futures Gain on Nvidia Boost Ahead of Fed Rate Decision and Big Tech Earnings

December S&P 500 E-Mini futures (ESZ25) are up +0.19%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.35% this morning, buoyed by ongoing tech and AI momentum, while investors await the Federal Reserve’s interest rate decision and U.S. megacap tech earnings.

Barchart

What Treats (or Tricks) Will the Fed Hand Out Wednesday?

The Fed fund futures forward curve lays out a couple possibilities for Wednesday's interest rate announcement, with the most logical another rate cut.

Barchart

A Fed Rate Cut Is Done Deal–But Powell's Words Could Spark The Meltup

The markets have already celebrated the Fed's next move — now they want a new reason to keep the party going.

Benzinga

Fed struggles to assess state of US economy as government shutdown shuts off key data

When it comes to setting monetary policy for the world’s largest economy, what data drives decision-making?

The Conversation

Federal Reserve to cut key rate Wednesday, may signal another cut to follow

The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring

The Independent UK

What to know about Trump's finalists to replace Powell as Fed chair

Treasury Secretary Scott Bessent said he expects a selection to be made before year's end.

Axios

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The Conversation

Trump’s ‘golden age’ economic message undercut by his desire for much lower interest rates – which typically signal a weak jobs market

President Donald Trump seems to want to have it both ways on the U.S. economy.

Fortune

Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed

A once-obscure data-sharing deal between ADP and the Fed helped shape monetary policy for years—until it abruptly vanished.

Fortune

This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are overly optimistic

Jan Hatzius warns America’s job market slump could drag down growth, with front-loaded orders and AI disruption skewing GDP signals.

Benzinga

Powell Hints At Rate Cut, Bank Credit Fears Emerge: This Week In Markets

After the shock of Friday, Oct. 10, when Donald Trump announced 100% tariffs on Chinese products, the president quickly softened his tone, assuring that trade relations "will be fine."

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Fortune

Warren Buffett plowed more than $1 billion into three stocks, and it says a lot about where he sees consumer priorities are right now: Houses, beer, and gas

Berkshire Hathaway’s 2025 investments focus on consumer-driven brands like Lennar, Chevron, and Constellation.

International Business Times

US Fed Chair Contender Backs October Rate Cut

A top contender to run the US Federal Reserve threw his support Thursday behind a quarter-point rate cut later this month, claiming he believed inflation would soon cool.

Benzinga

Copper's Resurgence Prompts Domestic Asset Reactivation

Copper prices rebounded this week after U.S. Federal Reserve Chair Jerome Powell signaled another quarter-point rate cut. The comments sent copper up as much as 1.8%, rekindling optimism about a $12,000 a ton price point.

Benzinga

Powell Seals Another Rate Cut—Is This The Spark The Housing Market Needs?

Fed Chair Jerome Powell sent a clear message Wednesday, reiterating that the Federal Reserve is still leaning toward lower rates—and for the sluggish U.S. housing market, that could be the break it's been waiting for.

Benzinga

Gold Smashes Through $4,200 As Bitcoin Stuck At $112,000: What's Driving The Underperformance?

Gold as measured by the SPDR Gold Trust (NYSE:GLD) smashed through $4,200 per ounce on Wednesday after Fed Chair Jerome Powell hinted at fresh rate cuts, while Bitcoin (CRYPTO: BTC) continues to languish around $112,000.

Euronews

Gold hits fresh record, European stock markets rise after Fed comments

The Federal Reserve chair's tentative support for more rate cuts gave a boost to markets on both sides of the Atlantic, despite trade tensions between Washington and Beijing.

Fortune

Powell says exactly what Wall Street wants to hear as Trump provokes soybean battle with China

Investors heard enough of what they wanted to remain bullish on further cuts.

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