FOMC Summary



- Fed cuts rates by 25 bps
- No surprises there, this was 90% consensus
- Third rate cut of 2025
- Jeffrey Schmid and Austan Goolsbee dissented in favour of 0 bps
- Stephen Miran, the Fed governor appointed by Trump, once more dissented in favour of 50 bps
- Fed will begin purchasing US Treasury Bills on December 12th, will buy $40B worth over next 30 days
-Median projections maintain 25 bps of rate cuts in 2026
- Fed suggests rate cuts may be done for now

Press conference in 20 minutes, let's see what Jerome Powell has to say
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