Fed Meeting: Powell Hints at Potential Interest Rate Cut

The Federal Reserve Chairman’s speech provided some insight into how the Fed is considering the December resolution. Powell emphasized that the Fed would not react to anticipated policies from the Trump administration, which could lead to inflation, but rather focus on current data. This demonstrates that the Fed has the freedom to continue cutting interest rates.

Analysts believe that the Fed is likely to cut rates by another 25 basis points in the next month.

Source