For more on today's decision, let's get to senior economics reporter Steve Leeman, who is in Washington. Steve, >> hey Melissa. Yeah, the Fed following through on an expected hawkish rate cut, reducing rates by a quarter point to the new range of 3 and a half to 375, but signaling might be done cutting, at least for now.It appeared to buoy markets, however, with a more aggressive policy than expected for the balance sheet. On RA, the statement, what it did, it used language that it had used in the past to s ...

The Federal Reserve is ready to once more expand its balance sheet by buying short-term Treasury securities https://t.co/c285UytBxk ...

Fed Policy & Market Expectations - The market anticipates a hawkish Fed cut, with uncertainty about future cuts possibly extending until June [2] - A dovish cut, indicated by projections showing more rate cuts next year, would be bullish for the market [3] - Markets have adjusted to the idea that the Fed is institutionally slightly hawkish, potentially due to external pressure to protect its integrity [7] - The market is bracing for the December meeting, which is why a surprise is possible [8] Quantitative Easing (QE) & Tightening (QT) - The Fed eased primarily using its balance sheet but tightened by draining reserves from the system, causing plumbing issues [11] - Buying Treasury notes and mortgage-backed securities lowers long-term rates, influencing equity prices and risky assets, and suppresses volatility [12] Potential Risks & Opportunities - Acknowledging the balance of risks shifting could signal underlying economic fragility [4] - Ending QT is essentially QE [4]

Let's ask David Wessel. He's the senior fellow in economic studies at Brookings. David, it's great to see you. >> Good to see you, Cali.>> Let's I guess go piece by piece here on the the rate cut itself. There will be those like Moran, I assume, pushing for a half point cut, but when you look at the backup in bond yields, you think that's this is probably not going to be the moment for that, right. >> I think that's right.He'll make his stand. Uh maybe he's still running for chair or something. And we know ...

strategy. Uh, bring it up because the target gets cut today to 450 from 600 at Bernstein. They reiterate their outperform.Joe owns it. Talked about it a lot. You own it in the ETF.You can't do anything. So, it is what it is. Bin, you don't own it, but you probably have the most Bitcoin related or crypto exposure on the show.>> So, crypto's been a mess. Obviously, Bitcoin's been a mess. Today, it's fractionally higher.If we get I think Japan and crypto are related. Yields yen are all related to crypto becaus ...

Joining me, Dan Clifton is Strategus Research Partners head of policy and Dave Zervos is Jeffrey's chief market strategist, a CNBC contributor, not Fed Chair, Dave, unless you have anything you want to, you know, tell us about your conversations over the weekend. >> I've got no comment on that. >> We can talk about all the other >> stuff. I understand. It is truly great to see you guys and I appreciate you being here today. Do Do you I know Dave, you've been pounding the table about this for a long time. yo ...

RT Bitcoin Magazine (@BitcoinMagazine)JUST IN: 🇺🇸 Fed Chair Jerome Powell says "we'll be adding reserves at a certain point" to their balance sheet 👀 https://t.co/bngGQVgsMW ...

JUST IN: 🇺🇸 Federal Reserve announces it will stop shrinking it's balance sheet on December 1 👀 https://t.co/1SYilnW1cA ...

🇺🇸 FED POWELL SPEECH SUMMARY 🇺🇸"Outlook hasn't changed much since September.""Current Fed policy toolkit is working well.""Economic activity has surprised to the upside.""Fed may stop shrinking its balance sheet in the months ahead.”Sounds dovish, send it 🚀 ...

Monetary Policy - Federal Reserve may halt balance sheet reduction in the coming months [1] Market Sentiment - The news is perceived as bullish [1]