🚨 Powell’s FOMC Recap (Oct 29)
📉 Fed cuts rates by 25 bps → now at 3.75–4.00%
💪 Economy remains solid, but labor market shows signs of cooling
📊 Inflation near 3% — Powell says target is in sight
🗓️ December rate cut? “Not certain” — will be data-dependent
⏹️ QT (Quantitative Tightening) to end Dec 1
💬 Powell’s tone: cautiously dovish — the Fed is signaling patience, not panic.
🔥 Markets reacted with optimism — traders now eyeing December FOMC for confirmation of a pivot.
