Text of Fed's October Monetary Policy Statement

The Federal Reserve has published the full text of its October monetary policy statement, setting out the committee's official assessment of economic conditions and its policy decision for the period. Because the document is the formal articulation of the Fed's reaction function, markets transmit its language directly into front-end rate expectations, with shifts in tone on inflation and labor-market slack moving the implied path of the federal funds rate and, through it, the real-yield curve. The most sensitive exposures are the Treasury curve, where two-year yields react most to revisions in policy guidance, rate-sensitive equities such as housing and small caps, and the U.S. dollar, which tends to firm when the policy outlook is read as relatively restrictive versus peers. A concrete catalyst for traders to watch is the next Personal Consumption Expenditures price index release, since it is the inflation gauge the Fed cites most explicitly and will test whether the statement's read on price pressures holds.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.