As reported by Bitcoin.com, Federal Reserve Chairman Jerome Powell delivered a tribute to George Shultz at Stanford University’s Hoover Institution on Monday evening but made no mention of current economic conditions or monetary policy. Markets had hoped for hints on interest rate decisions ahead of the upcoming FOMC meeting, but Powell explicitly stated he would not address these topics. The CME Fedwatch Tool currently shows an 87% probability of a 25-basis-point rate cut at the December meeting, despite Powell’s earlier warning that a cut is 'not a foregone conclusion.'
Jerome Powell Avoids Economic Hints in Shultz Tribute Speech
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