The Fed’s October 29 Meeting — Not That Colorful, But Not Bad
Powell trims, pauses QT, and tells December hype traders to take a cold shower.
The headline is simple: another 25 bps cut puts the federal funds target at 3.75%–4.00%, the second trim of 2025. The vote split 10–2, with Stephen Miran wanting 50 bps and Jeffrey Schmid wanting non…
