The Federal Reserve cuts benchmark interest-rate range to 3.50%–3.75% in a 9–3 vote, with two dissents. They announced a restart of Treasury-bill purchases and will purchase $40 billion in Treasury bills over the next 30 days. Officials will consider further adjustments and rate futures now price a 78% probability of a pause in January. Swap markets expect 50 bps of easing in 2026. (Source: LSEG)

Author Matthew Kerr, a data analyst at Quiver Quantitative, focuses on single-stock research and government datasets. He previously interned at BlackRock.

Read more at Quiver Quantitative: Federal Reserve Cuts Rates, Signals Cautious Path Ahead With New Treasury-Bill Purchases