Central Banks
Powell Says Rate Cut in December Is Far From Foregone Conclusion
Chairman of the US Federal Reserve Jerome Powell during a news conference following a Federal Open Market Committee meeting in Washington on Oct. 29.
Photographer: Al Drago/BloombergFederal Reserve Chair Jerome Powell said another rate cut in December is not guaranteed.
“A further reduction in the policy rate at the December meeting is not a foregone conclusion, far from it,” Powell said Wednesday after officials delivered their second consecutive interest-rate reduction to support a softening labor market.