Core Viewpoint - A growing number of Federal Reserve officials express a preference for holding interest rates steady due to concerns about high inflation, indicating that further rate cuts may not be imminent [1][2]. Group 1: Federal Reserve Officials' Opinions - Kansas City Fed President Jeff Schmid emphasized that he is more concerned about inflation being "too high" than the current state of the job market, advocating for no rate cuts [1][2]. - Schmid stated that a 25-basis-point reduction in the policy rate may not effectively address labor market stresses, which he attributes to structural changes rather than monetary policy [2]. - Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack also indicated a preference for holding rates steady, supporting Fed Chair Jerome Powell's view that another cut in December is not guaranteed [2]. Group 2: Inflation Data - The Consumer Price Index (CPI) for September recorded an inflation rate of 3%, slightly below expectations but an increase from 2.9% in August [3]. - The core CPI, which excludes food and energy prices, also rose to 3% in September, down from 3.1% in the previous month [3]. - The Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation gauge, was estimated by Powell to be 2.8% based on CPI data, which was not released due to the government shutdown [4]. Group 3: Rate Decisions and Concerns - The Fed voted to lower its benchmark interest rate by 25 basis points for the second consecutive meeting, with Schmid dissenting in favor of holding rates steady [4]. - Atlanta Fed President Raphael Bostic, while supporting the quarter-point rate cut, expressed concerns about inflation remaining a significant issue that needs to be addressed to reach the 2% target [5][6].

The dollar climbed to the highest level in three months, propelled by a weakening yen and the Federal Reserve pulling back from additional interest-rate cuts this year https://t.co/gEo82CkaiN ...

The Federal Reserve made its second consecutive interest rate cut of the year on Wednesday, which was widely expected. What wasn't expected was how the Fed chair Jal pushed back against the same expectations that the Fed would automatically cut interest rates again in December. >> A further reduction in the policy rate at the December meeting is not a foregone conclusion.Far from it. >> Some officials are worried about the labor market getting weaker. Others are more worried about high inflation.Normally th ...

Federal Reserve Policy & Economic Outlook - The Federal Reserve implemented a quarter-point cut, signaling a shift from actively combating inflation to a more neutral stance [1][2] - There is a split within the Federal Reserve regarding interest rate policy, with some members advocating for a 50 basis point cut (0.5%) and others preferring no change [3][4] - The current economic environment is characterized by a K-shaped recovery, where the wealthy are thriving while those at the bottom are struggling, making policy decisions difficult for the Fed [5] - Inflation remains elevated and above the Fed's target, further complicating the economic outlook [5] - The Fed faces a rare situation with stocks at all-time highs while simultaneously considering rate cuts due to conflicting economic factors [7] US-China Trade Relations - China is reportedly buying its first load of U S soybeans this year [1][16] - Previous trade war led to China halting $12 billion worth of soybean purchases from the U S [16] - The Democrats believe that President Trump is losing the trade war with China, with studies suggesting tariffs are costing American families around $1500 per year [26][27] - China retains leverage in the trade dispute through potential supply chain disruptions, particularly in rare earth materials [29] - There are concerns that the President might alter the American position on Taiwan to gain concessions from China [20]

Interest Rate Policy - The Federal Reserve (Fed) cut the benchmark lending rate by 0.25 percentage point, setting a new target range of 3.75% to 4% [1] - Two policymakers dissented: one favored a 0.5 percentage point cut, and the other preferred no change [1] - The Fed's administered rates for interest on reserves and the primary credit rate mechanically decreased by 0.25 percentage point [1] Balance Sheet - The Fed will stop redeeming maturing Treasury securities at the end of November [1] - Principal payments will be rolled over going forward [1] - The mortgage cap of $35 billion a month remains in place [1] - As of December 1st, all principal payments on maturing agencies will be reinvested in Treasury bills [1] Economic Assessment - Economic activity has been expanding at a moderate pace [1] - Job gains have slowed this year, and the unemployment rate has edged up but remained low through August [1] - Downside risks to employment rose in recent months, and uncertainty about the economic outlook remains elevated [2] - There is no change to their forward guidance, and the Fed will consider many factors when considering additional adjustments to the target rate [2]

Fed officials delivered their second consecutive interest-rate reduction to support a softening labor market, and said they would stop shrinking the central bank’s portfolio of assets on Dec. 1. https://t.co/wO2jjg2O57 ...

RT Investing.com (@Investingcom)*FED SAYS MIRAN DISSENTED IN FAVOR OF HALF-POINT CUT*FED SAYS SCHMID DISSENTED IN FAVOR OF NO RATE CHANGE https://t.co/Iu2KSfuDSw ...

RT Bloomberg Opinion (@opinion)@JonathanJLevin BREAKING: Fed Cuts Target Range for Benchmark Rate by 25 Bps, to 3.75%-4% 🚨Tune in for LIVE analysis 🎥https://t.co/P24la0iIVj ...

The Federal Reserve announced its interest rate decision (upper bound) at 4.00%, in line with the expected 4.00%, down from the previous 4.25%, marking a 25 basis point cut. https://t.co/7NRjqmTinL ...

An anticipated decision by the US Treasury Department to favor short-term bills to finance the deficit has the potential to drive 10-year note yields lower by more than a quarter point, interest-rate strategists at Bank of America say. https://t.co/0QPMDqlNEF ...