Powell Casts Doubt on December Rate Cut

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1 • 670 Ratings

🗓️ 29 October 2025

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

U.S. stocks close mixed after Federal Reserve Chair Jerome Powell’s comments following new rate cut. Plus: Nvidia sets a market cap record. And strong Google earnings send the stock higher after the bell. Microsoft and Meta also report. Katherine Sullivan hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:33.5	Here's your closing bell brief for Wednesday, October 29th.
0:37.5	I'm Catherine Sullivan for the Wall Street Journal.
0:40.4	U.S. stocks finished mixed today after the Federal Reserve cut interest rates by a quarter point
0:45.3	and Fed share Jerome Powell cast doubt on another rate reduction in December.
0:49.9	The Dow lost 0.2%, the S&P 500 was flat, and the NASDAQ gained 0.6% to close at its fourth straight record.
0:59.1	Elsewhere, global stocks hit new all-time highs, and treasury yields climbed following the Fed's announcement.
1:05.9	Among individual companies, Nvidia's stock continued its hot streak, rising 3% and lifting the company's market
1:12.2	capitalization above $5 trillion. Boeing shares dropped roughly 4% after the aerospace company announced
1:19.5	a near $5 billion charge related to delayed deliveries of the 777-X. Caterpillar shares jumped
1:27.4	12% after the machinery maker's quarterly results beat
1:31.0	expectations, driven in part by AI data centers demand for power generators.
1:36.4	Caesar's entertainment shares fell 15% after the casino operator posted a larger than expected
1:42.1	loss, driven by a fall in revenue from its Las Vegas business.
	...

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