To Cut or Not to Cut – Nov. 3, 2025

A lack of data is making another rate-reduction move an iffy proposition for December

The Federal Reserve ended the month of October with another quarter-point rate cut, as was widely predicted. However, it’s not certain that the central bank’s Federal Open Market Committee will make it a three-peat when it convenes again in December. 

One argument holds that having regained the rate-cutting momentum that was put on hold for most of 2025, the Fed will want to keep going. “The data has to disqualify further easing, and that’s a higher hurdle,” Vincent Reinhart, a former senior Fed adviser who is now chief economist at BNY Investments, told the Wall Street Journal.