Text of Fed's October Monetary Policy Statement

The Federal Reserve has released the full text of its October monetary policy statement, setting out the committee's official assessment of economic conditions and the policy stance adopted at that meeting. The primary transmission channel for such statements runs through the front end of the yield curve, where market pricing of the federal funds path is revised in response to any change in the committee's language on inflation, labor market conditions, or the likely timing of future rate moves. Rate-sensitive assets are most directly exposed, including Treasury yields across the curve, the U.S. dollar through rate differentials against other major central banks, and equity sectors whose valuations depend heavily on discount rates such as technology and long-duration growth stocks. Traders will be watching the next Personal Consumption Expenditures price index release and the monthly nonfarm payrolls report for confirmation of whether the labor and inflation data support the path the statement implies.

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.