U.S. Fed unofficial spokesman "More FOMC members preferred holding rates steady than a 50bp cut"

JH Kim

Summary

Reporter Nick Timiraos said the Fed had more members in the September FOMC who preferred holding rates steady than a 50bp cut.
He said this suggests more weight is being placed on maintaining current levels rather than the possibility of a rate cut.
He said investors need to closely watch future FOMC decision trends.

On the 8th (local time), Nick Timiraos, a Wall Street Journal (WSJ) reporter known as the Fed's unofficial spokesman, said on X (formerly Twitter) that "the September FOMC minutes suggest there were more members who preferred holding rates steady than who supported a 50bp (0.5 percentage-point) rate cut."