Powell Says Housing Woes Are Due in Part to Fed Policy

S&P 500 Hits Session Lows

Powell Says ‘Very Low’ Housing Activity Largely Due to Fed Policy

Powell Says Fed in ‘New Phase’ of Rate Adjustments

Powell Says the Disinflation Narrative Is Still Intact

Two-Year Treasury Yields Surge by 10 Basis Points as Powell Speaks

Powell Says Economic Outlook Is Bright

Powell Says Some in Fed Starting to Incorporate Policy Uncertainty Under Trump

Fed Still ‘On Track’ for Further Cuts, Powell Says

Powell Says Rate Cut Was a Close Call But the Right One

Powell Says Labor Market Not a Source of Significant Inflation

Powell Says Consumer Spending ‘Resilient,’ Housing Activity ‘Weak’

Fed’s Inflation Projections Revised Higher

New Dot Plot

Immediate Takeaways From Statement

Statement Seen Taking January Rate Cut Off Table

Dollar Rises to Highest Since Nov. 2022 After Fed Decision

Dissent Shows Cracks in Powell’s United Front

Treasuries, Stocks Retreat

Hammack’s Dissent Is First by Regional Bank President Since June 2022

Fed Says Cleveland’s Hammack Dissented in Favor of No Rate Cut

Median 2025 PCE Inflation Forecast Rises to 2.5% vs 2.1%

Fed to Assess Data Regarding Extent, Timing of Future Moves

Median Forecast Shows 50 Bps of Rate Cuts in 2025 to 3.9%

Fed Lowers Overnight Reverse-Repo Rate to 4.25% From 4.55%

Fed Lowers Benchmark Rate 25 Bps to 4.25%-4.50% Target Range

Key Events

ImageLede

Federal Reserve/Labor Market Reporter

Senior Editor

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