News Overnight
Powell and Bowman hit the wires and FED cuts are coming despite no data and strong GDP.
Bond markets beware!
Breakdown of Powell’s Speech 14 October 2025
Key phrases were
“Economic activity has surprised to the upside”
“Fed may soon end Quantitative Tightening”
“Signs of gradual tightening of liquidity conditions”
“Alternative sources of data would not replace government statistics, which [are] the ‘gold standard’”
Bowman backed this up;
Continues to anticipate interest rate cuts at the final two policy meetings of 2025, tariffs will have less impact on inflation.
Overall a mixed day for markets.
Breaking
Fed’s Collins supports further rate cuts to protect labor market [investing.com]
Erosion of trust in central banks can boost inflation expectations, IMF warns [Reuters]
Powell signals support for more rate cuts as US job market cools [FT]
Oil tumbles to five-month low on report of ‘large surplus’ [FT]
IMF says Bank of England should be ‘very cautious’ on future rate cuts [Reuters]
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S&P 500 Update 15 October 2025
Stock markets were broadly neutral yesterday with S&P and NASDAQ underperforming the other indexes. But price did test resistance and held first support level at 6,550.
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