Powell Taps The Brakes In The Fog, But Traders Keep Hitting The Gas
Benzinga·2025-10-30 14:52
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.Market-implied odds of a December cut, tracked by Fed Funds futures, dipped after Powell’s comments but remain elevated. As of Thursday morning, traders were still assigning a 69% chance of a 25-basi ...