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News  ›  Benzinga

Powell Cools Hopes For December Rate Cut: 'Far From A Foregone Conclusion'

Benzinga Logo Benzinga By Piero Cingari
Powell Cools Hopes For December Rate Cut: 'Far From A Foregone Conclusion'

Federal Reserve Chair Jerome Powell dampened expectations of a December interest rate cut, emphasizing uncertainty in economic data and divergent views within the FOMC. The Fed maintained its current rate stance while signaling caution about future monetary policy decisions.

Insights
MA   neutral

Mentioned as a top holding with $506 million investment, no specific performance details provided


VOO   negative

Stock price declined 0.25% following Powell's comments that reduced market optimism about rate cuts