Wall Street Breakfast 3rd straight FOMC cut, but dissents grow
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Dec 10, 2025 The Federal Open Market Committee cuts interest rates for the third consecutive time, but dissent among members surfaces. Major stock indices, including the Dow and S&P 500, see gains. YouTube plans to launch genre-specific TV packages by 2026, signaling a shift in streaming strategy. The semiconductor sector experiences varied performance, with notable movements from companies like Nvidia and Broadcom. Optimism grows around data center demands, boosting memory stocks like Micron and Seagate.
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Fed Prioritizes Jobs Over Inflation
- The Fed cut rates 25 basis points for a third straight meeting, prioritizing risks to employment over inflation.
- The decision included three dissents, signaling growing disagreement among policymakers.
Dot Plot Signals Policy Uncertainty
- The Fed's median projection shows one rate cut in 2026 but the dot plot widened, reflecting greater uncertainty.
- Some members preferred no change while others wanted larger cuts, highlighting divergent views on the path forward.
Markets Cheered The Cut
- Markets reacted positively to the Fed decision with stocks rising and 10-year yields easing slightly.
- Shorter-term yields fell more, reflecting shifted expectations for near-term policy.