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The Latest Breaking News from Jerome Powell

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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

Euronews

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

The Independent UK

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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.

Fortune

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.”

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.

Benzinga

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.

Fortune

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.

Kiplinger

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.

Benzinga

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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.

Fortune

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.

The Guardian - US

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

Get all your
news in one place.

100's of premium titles.
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Fortune

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

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.

Barchart

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.

Benzinga

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.

The Conversation

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?

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People

Jerome Too Late Powell

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