Here are the five key takeaways from the Fed meeting and Powell news conference

The Federal Reserve's latest meeting ended with a quarter percentage point rate cut, but not without controversy. Two officials dissented, highlighting the committee's division over interest rates. Chair Jerome Powell pushed back on the idea of a December cut, emphasizing that nothing is certain. The Fed also announced it will stop shrinking its balance sheet after November, reinvesting maturing mortgage notes into short-term government bills. Inflation remains stubbornly high, with price increases still around 2.8%, despite tariffs' impact being temporary. The upcoming December meeting is now uncertain, with markets eagerly awaiting the Fed's next move.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.