From Investing.com: 2024-11-08 03:14:00

The Federal Reserve cut the federal funds rate by 25bps, making it a 75bps cut since September 18. Fed Chair Jerome Powell stated that the economy and labor market are strong, but monetary policy remains restrictive. Powell emphasized the Fed’s commitment to lowering rates, though there is no rush. Market reactions to the rate cut were mixed, with the S&P 500 reaching a record high. Bond yields fell after rising, and Powell addressed concerns about the increase in yields. The Fed’s dovish stance indicates a continued trend of interest rate cuts in the future.



Read more at Investing.com: Powell’s Mixed Message Remains Dovish