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Fed September Meeting ?3

14:58 17-Sep-25

Powell's direction so far in Q&A, beyond the uncertainty noted below, has two very clear themes:

1. The Fed will currently tolerate continued above target inflation in favor of support the labor market, as emphasized by this service over a year ago.
2. He will maintain extreme discipline in avoiding any political commentary.

Market indexes jumped around, but ultimately, a rate cut helps the high yield names that the main service has been writing about for quite some time now.

The Fed has lowered its target rate by a quarter point, as expected.  Only Miran voted against the move, favoring a larger cut, of course.  The dot plot in its projections leans toward one more cut this year, but there is significant uncertainty.  This service will follow up on the press conference if appropriate, which seems more likely than usual this time around.

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