POWELL TO SPEAK AFTER FED’S FIRST 2025 RATE CUT Fed Chair Jerome Powell speaks today at 12:35 p.m. ET in Rhode Island, a week after the Fed cut rates by 25 bps to 4.00%–4.25%. Investors will watch for guidance on future moves. Powell has stressed the cut was a “risk management” step, not the start of rapid easing. The Fed’s dot plot now shows three cuts in 2025, but the narrow vote highlights limited consensus. Powell also reaffirmed the Fed’s independence from politics.(*Walter Bloomberg)