Lates News

"New Fed News Agency" Nick Timiraos: Federal Open Market Committee October decision: As expected, the Fed will cut interest rates by 25 basis points. There were two opposing votes in this decision: Schmid advocated keeping rates unchanged, while Milan hoped for a 50 basis point rate cut. The Fed will end quantitative tightening on December 1st. Subsequently, the redemption funds of mortgage-backed securities will be reinvested in short-term government bonds. Although the statement adjusted the language from "recent data" to "existing data," overall, the description of the economic outlook in the statement is mostly "data-dependent," meaning it is updated based on the current situation without fundamental changes.