Fed likely to pause rate drops: Starting Nov

Making news this morning on CNBC Business

"The Federal Reserve could soon pause in its latest rate-cutting cycle, and, depending on economic data and developments in trade talks, that could happen at, or more likely, after the Oct. 29-30 meeting.

Chicago Fed President Charles Evans, who had strongly supported the last two rate cuts, said this week he saw no future cuts this year, though he’s willing to consider one if the data worsen. Dallas Fed President Robert Kaplan said he’s “agnostic” on future rate cuts. And Fed Chairman Jerome Powell, in a speech last week that many saw affirming the market’s view that the Fed would cut in October, pointedly said decisions are being made meeting by meeting and appeared neutral on future actions."


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