Benzinga Market Summary: Fed Cuts Rates By 25 Bps, S&P Falls, Gold Drops
Major Indexes Are Lower Following the Fed's Rate Decision.
Fed Interest Rate Decision Lowered .25 Basis Points To 4.50% Vs 4.50% Est.; 4.75% Prior
Fed Policymakers See 4.3% Unemployment Rate At End Of 2025 Versus 4.4% In September Projections; End-2025 PCE Inflation At 2.5% Versus 2.1% In September; Core Seen At 2.5% Versus 2.2%; 2.1% GDP Growth In 2025 Versus 2.0% In September, See Longer-run...
Fed Projections Imply 50 Basis Points Of Rate Cuts In 2025, Another 50 Bps In 2026; Fed Policy Rate Reaching 3.1% In 2027; Show Longer-run Policy Rate At 3.0% Vs 2.9% In September Projections; One Of 19 Officials See No Cuts In 2025, 3 See One Cut, 10...
Fed Officials' Median View Of Fed Funds Rate At End-2024 4.4% (Prev 4.4%); Fed Officials' Median View Of Fed Funds Rate At End-2025 3.9% (Prev 3.4%); Fed Officials' Median View Of Fed Funds Rate At End-2026 3.4% (Prev +2.9%); Fed Officials' Median...