Fed Chair Powell Says December Interest Rate Cut Is ‘Far From’ Guaranteed

Alex Wong / Getty Images Fed Chair Jerome Powell said that a rate cut in December wasn't a done-deal. Key Takeaways Federal Reserve Chair Jerome Powell said it was "not a foregone conclusion" that the Fed will cut interest rates in December. Before Powell's press conference, financial markets had priced in a 90% chance of a December rate cut, which fell below 60% Wednesdsay afternoon. The Federal Reserve's policy committee won't necessarily cut interest rates in December, contrary to what financial ...