The Fed did not say much other than what was totally expected in its November rate decision statement. 
FOMC Statement
Recent indicators suggest that economic activity expanded at a strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation remains elevated.
The U.S. banking system is sound and resilient. Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring, and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. The Committee will continue to assess additional information and its implications for monetary policy. In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to returning inflation to its 2 percent objective.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals. The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Lame Statement and Reaction
Live Q&A
Perhaps the Live Q&A will be more entertaining.
Here’s an alternate source.
ISM Manufacturing Plunges to 46.7 Percent. New Orders, Backlogs in Contraction
In other news today, ISM Manufacturing Plunges to 46.7 Percent. New Orders, Backlogs in Contraction
Here’s the key snip:
Telling Statistic
Arguably, the most telling statistic is that eighty-nine percent of panelists’ companies reported ‘same’ or ‘lower’ prices in October.
Overall weakness in prices can be attributed to falling demand, not strikes, And it’s despite artificial demand spurred by the Inflation Reduction Act.
Falling prices will be welcomed by the Fed.
Obviously the Committee has no clue to why things are happening the way that they are happening. Officially the Committee has no ideas about what to do. Hence the Committee is afraid to do anything at all.
Everything going as planned. Bankers are happy with their returns on the backs of US citizens losses.
Heil the Emperor!
With price pressure starting to ebb, rising interest rates reflect currency debasement risk.
Interest rates have no meaningful effect on the exploding inflationary depression.
Every intelligent banker in the world is dumping USTreasury’s and buying gold.
“…eighty-nine percent of panelists’ companies reported ‘same’ or ‘lower’ prices in October.”
Obviously the [anelists don’t shop where I do. Today I rec’d notice in the mail that my wife’s health insurance will be increasing 16% for 2024.
“And it’s despite artificial demand spurred by the Inflation Reduction Act.”
The jokes keep writing themselves.
My personal real estate tax jumped 30% this year. They all know me by name now. We have to put an end to this crap one way or another. 30% in 1 year? Please!
Ours went up 27% and we have a small ranch condo.
Dang near 50% here in Maine.
Government has “just” one way of “making” money.
They take some of your money at gunpoint.
(Well eventually gunpoint. Try not paying and not vacating.)
Note: You do not own your home.
You may own a note in cooperation with a bank.
The Township owns your home and allows you to rent.
FED mandate: support full employment.
FED stated goal: destroy jobs to cool demand and lower prices.
Morons.
I think “mandate” has become an LGBTQ+++ thingy.
If the vaunted FED is believing the bogus ###s from the govt, well then they can arrive at the conclusions they arrive at. Of course they are part of the blige that is ‘Wash da crapital’. I was no fan of Greenspam but he is a saint compared to this Powill.
Thank you for not even mentioning Yellen.