Fed Cuts Rates Again, Announces Balance Sheet End – Key Takeaways from October FOMC Meeting

The Federal Open Market Committee (FOMC) lowered the policy rate by 25 basis points to a range of 3.75-4.00% at its October meeting. This was the second consecutive rate cut and aligned with market expectations. The statement highlighted moderate economic growth and low unemployment, despite slowing hiring trends. Inflation has increased this year but remains high. The FOMC announced the end of its balance sheet reduction program on December 1st, marking a significant shift in monetary policy.