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.
