The Federal Reserve reduced the federal funds rate by a quarter point, with markets expecting another rate cut in December over a pause. After the rate cut, expectations for another December cut rose, while pause chances fell, according to the CME FedWatch Tool. January predictions also show a strong likelihood for a rate cut skip, reflecting cautious optimism amid evolving economic indicators.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Federal Reserve reduced the federal funds rate by a quarter point, with markets expecting
00:07another rate cut in December over a pause.
00:10After the rate cut, expectations for another December cut rose, while pause chances fell.
00:15According to the CME FedWatch tool, January predictions also show a very strong likelihood
00:20for a rate cut skip, reflecting cautious optimism amid evolving economic indicators.
00:26For all things money, visit Benzinga.com slash GSTV.