you know, we we've we've we've just heard from you that that the um the discussion in December and the conclusion of the discussion is not a foregone conclusion. I'd like to just dig into that a little bit more about what sort of arguments were brought up. Was there any consideration for instance of the investment we're seeing in AI and some of the the generation of household wealth through rises in stock prices related to the AI boom.Thank you. You know, I wouldn't say that's a that's that's a factor in ev ...

Chair Powell, are you uncomfortable with how market pricing has assumed a rate cut is a foregone conclusion at your next meeting. >> Well, I as I just mentioned, um a further reduction in the policy rate of December meeting is not a foregone conclusion as I've just said. So, uh I would say that that needs to be taken on board. We had um you know, I would just say this uh 19 participants on the committee.Everyone works very hard at this and takes their obligations to serve the American people very seriously. ...

In the near term, risks to inflation are tilted to the upside and risks to employment to the downside. A challenging situation. There is no risk-free path for policy as we navigate this tension between our employment and inflation goals.Our framework calls for us to take a balanced approach in promoting both sides of our dual mandate. With downside risks to employment having increased in recent months, the balance of risks has shifted. Accordingly, we judged it appropriate at this meeting to take another st ...

In support of our goals and in light of the balance of risks to employment and inflation, today the Federal Open Market Committee decided to lower our policy interest rate by a quarter percentage point. We also decided to conclude the reduction of our aggregate securities holdings as of December 1. I will have more to say about monetary policy after briefly reviewing economic developments.Available indicators suggest that economic activity has been expanding at a moderate pace. GDP rose at a 1.6% pace in th ...

Good afternoon. Um, my colleagues and I remain squarely focused on our achieving our dualmandate goals of maximum employment and stable prices for the benefit of the American people. Although some important federal government data have been delayed due to the shutdown, the public and private sector data that have remained available suggest that the outlook for employment and inflation has not changed much since our meeting in September.Conditions in the labor market appear to be gradually cooling and inflat ...

Now, let's get a trader take with regard to what's happening given the Fed interest rate decision, the commentary around that, and everything else we've heard from our all-star panel. Steve Graasso, CEO of Grasso Global, also a CNBC contributor, often seen on Fast Money. Take us through what your initial read has been given what you heard about the rate story, what you heard about the commentary in there, and what you've heard from our panelists so far.>> So, anything less than a cut would have been a probl ...

Let's get back to our uh panel for some reaction here. Jim, I'm going to start with you first. We showed the charts of the market reaction.Equity markets have been relatively stable as they were going into this print. The curve from the 2-year all the way to the 30 have moved maybe higher by anywhere from what I could see one to three basis points. This is all about the Fed rate press conference now at this point.But what stood out to you from hearing what you heard from Steve and then what you saw or didn' ...

The Federal Reserve cutting interest rates by a quarter point to a new range of 375 to 4%. There were two descents on this. The second one by new Fed Governor Myron who wanted 50. First one by Kansas City Fed President Jeff Smith who wanted no change.So dissents on both sides. A kind of a rare occurrence for the Fed. The Federal Reserve announcing it is stopping quantitative tightening or the roll off of its balance sheet as soon as December.Um, all rolloffs of treasuries from here on out and mortgage back ...

Steve, >> the Federal Reserve cutting interest rates by a quarter point to a new range of 375 to 4%. There were two descents on this. The second one by new Fed Governor Myron who wanted 50. First one by Kansas City Fed President Jeff Smith who wanted no change.So dissents on both sides. A kind of a rare occurrence for the Fed. The Federal Reserve announcing it is stopping quantitative tightening or the roll off of its balance sheet as soon as December.Um, all rolloffs of treasuries from here on out and mort ...

With the market already pricing in a quarter percentage point cut, my next guests are now focusing on the potential end of quantitative tightening. So joining us now are Michael Schumacher, head of macro strategy over at Wells Fargo, and Ross Mayfield, investment strategist over at Baird. Thank you gentlemen both for being here.Michael, we're going to start with you. This is probably one of the more telegraphed rate moves that the Fed has seen and the markets are playing it that way as well. What exactly do ...