Dow’s climb toward 48,000 closing level is thwarted as Fed’s Powell pushes back on December rate cut

Source: Market Watch | Published: October 29, 2025, 8:48 pm | Read Original

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Dow’s climb toward 48,000 closing level is thwarted as Fed’s Powell pushes back on December rate cut

Wednesday’s climb toward a closing level above 48,000 in the Dow Jones Industrial Average was interrupted after Federal Reserve Chair Jerome Powell refrained from signaling that another interest-rate cut in December is on the way.

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Dow’s climb toward 48,000 closing level is thwarted as Fed’s Powell pushes back on December rate cut

Wednesday’s climb toward a closing level above 48,000 in the Dow Jones Industrial Average was interrupted after Federal Reserve Chair Jerome Powell refrained from signaling that another interest-rate cut in December is on the way.

Market Watch • Oct 29, 2025 • Found on Glideslope.ai

Post hash: 7sjf9e7 • glideslope.ai/post/7sjf9e7

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Federal Reserve Chair Jerome Powell delivered a blunt message for investors who have assumed the central bank would be on cruise control toward a third rate cut in December: Not so fast.