From CNBC: 2024-11-07 16:10:20

Federal Reserve Chair Jerome Powell spoke following the Nov. 6-7, 2024, meeting, indicating expectations for a December rate cut. The Fed recently lowered rates by a quarter percentage point, with market pricing suggesting a potential pause in January. Probabilities for December rate cuts have risen, while odds of a January cut have slightly increased.

Read more: Traders see good chance Fed cuts again in December, skips in January