jerome powell, Fed and rate cut
Digest more
38mon MSN
Peyton Manning Shares the One Football Critique He Gave Glen Powell for “Chad Powers” (Exclusive)
Peyton Manning put his football expertise to good use as a producer on Chad Powers. The 49-year-old retired quarterback and his brother Eli Manning serve as executive producers on the new Hulu series starring Glen Powell, which follows a former football player trying to prove himself on the field again.
The World Series 2025 was a star-studded event, with the likes of Brad Pitt, Sydney Sweeney, and Glen Powell, among many others, attending the annual championship series. The celebrities attended the thrilling contest between the Los Angeles Dodgers and the Toronto Blue Jays on October 28 at Dodger Stadium.
Jerome Powell doesn’t see an AI bubble. That seems like the bigger takeaway versus the fact the Federal Reserve did what everyone expected by cutting interest rates by 25 basis points. And while stocks dipped after Powell said another move lower in December wasn’t a sure thing, even that felt negligible in comparison.
US Treasuries consolidated Wednesday’s losses, when Federal Reserve Chair Jerome Powell cast doubt on whether policymakers would deliver a third consecutive interest-rate cut in December.
U.S. Federal Reserve Chairman Jerome Powell bifurcated the stock market yesterday when he delivered a 0.25% rate cut that the market was expecting and then, unexpectedly, said he did not believe that the AI sector was in a bubble akin to the dotcom boom of 2000.
Jay Powell declared the central bank was “driving in the fog” as the Federal Reserve cut interest rates in the middle of a government shutdown that has deprived the institution of some economic data. The quarter-point cut, which brings the US benchmark rate down to 3.75 per cent, was broadly expected. It now sits at the lowest level since 2022.
Enormous capital expenditures in artificial intelligence technology and data centers are helping to drive growth in the U.S. economy and stock market, but Powell said Wednesday that he doesn’t expect interest-rate policy to have much effect on these plans.