The Latest Breaking News from US Federal Reserve

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.

The dollar index (DXY00 ) climbed to a 3-week high today and is up by +0.19%. Higher T-note yields today are positive for the dollar as the 10-year T-note yield rose to a 2.5-week high. The dollar also has carryover support from Wednesday on hawkish comments from Fed Chair Powell,...

The Federal Reserve cut its benchmark interest rate by a quarter-percentage point on Wednesday, but the decision was overshadowed by sharp internal dissent and scathing external criticism of one of its governors.

Fed cuts rates, China launches fund for strategic emerging industries

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

December S&P 500 E-Mini futures (ESZ25) are down -0.18%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.20% this morning as investors weigh the outcome of the highly anticipated Trump-Xi meeting, mixed Big Tech earnings, and a cautious Federal Reserve.

(Editor’s note: The future prices of benchmark tracking ETFs, the headline, and the lede were updated in the story.)

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

Powell suggested the Fed increasingly sees inflation as less of a threat as the central bank cut its key rate to a range of 3.75% to 4%.