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2025-10-30 02:11:13
According to Nick Timiraos of "The New Fed Watch," the Federal Open Market Committee (FOMC) October decision showed that the Fed cut interest rates by 25 basis points as expected. There were two dissenting votes: Schmid advocated keeping rates unchanged, while Milan wanted a 50 basis point cut. The Fed will end quantitative tightening on December 1st, after which proceeds from the redemption of mortgage-backed securities will be reinvested in short-term Treasury bonds. Although the statement changed its wording from "recent data" to "available data," the overall description of the economic outlook was largely "mark-to-market," meaning it was updated based on current conditions and did not represent a fundamental change.
