Uncertainty Dominates Global Rate Path | Presented by CME Group

The Fed, as expected, cut rates by a quarter% and even with Jerome Powell saying that further rate cuts are not a foregone conclusion, the market is still pricing in a high probability of a cut in December. Powell reiterated signs of a slowing labor market and continued pressure on consumer prices as inflation has moved up since earlier in the year. The Bank of Japan kept interest rates steady amid a period of possible rate hikes as the country's new prime minister said the Japanese economy has so far weath ...