Federal Reserve Governor Jefferson: No Need to Hurry to Further Cut Interest Rates, Strong Economy Makes Caution Appropriate

The Federal Reserve maintained its benchmark interest rate in the range of 3.75% to 4.00%, in line with market expectations.

The Federal Reserve’s October meeting approved its interest rate decision with a 10-2 vote, compared to the previous 12-0 vote. Governors Harker and Cook, who leaned toward a rate hike, cast the two dissenting votes.

The Federal Reserve held its interest rate policy steady at 3.75% to 4%. Two-year U.S. Treasury yields plunged in the short term, 10-year U.S. Treasury yields remained on the rise, and gold prices stayed down 0.5%.

The Federal Reserve held its interest rate policy steady at 3.75%-4%. According to HTX market data, Bitcoin briefly rebounded to break through the $81,000 level, and is currently trading at $81,071.20.

With less than 20 minutes remaining until the Federal Reserve’s October FOMC interest rate decision is officially released, here are the key points to watch ahead of the meeting: Policy Statement: - Markets widely expect the Fed to hit the pause button on interest rate hikes. A rate hike would be an extremely rare policy move ahead of a U.S. election. - Voting dissent: Last meeting saw a unanimous 12-0 vote; this time, 2 to 3 members could dissent in favor of a hike, with Lorie Logan and Patrick Harker the most likely to support raising rates. - Tone: If the statement emphasizes financial stability, it would be viewed as dovish; growing concerns over inflation and energy price spillover would signal a hawkish tilt. - Wording adjustments: Retention of language like "return to the target in a timely manner" or further emphasis on "act as needed" would indicate remaining room for monetary tightening. Chair Powell’s Press Conference: - Powell is expected to maintain his concise, pragmatic style, avoiding explicit forward guidance, with a tone focused on objectively outlining current conditions. - Key talking points: How he justifies the October decision to hold rates steady while retaining flexibility for December policy moves; his interpretation of signals from the rise and recent decline in U.S. Treasury yields; and his take on the AI-driven stock market sell-off and how to address potential bubbles.

According to people familiar with the matter, Anthropic is working to market its shares to UK retail investors via the investment platform RetailBook. (Bloomberg)