foregone

Investors in recent weeks pared back their bets on an interest-rate cut after Fed Chair Jerome Powell said that it was “not a foregone conclusion—far from it.”

It started when Fed Chair Jerome Powell said publicly in October that a rate cut is far from a foregone conclusion.

The Fed recently cut interest rates but Chair Jerome Powell said a December rate cut wasn’t a foregone conclusion.

But comments from bank boss Jerome Powell last month that a December repeat was not "a foregone conclusion" sowed the seeds of doubt, while several other decision-makers have made similar noises.

At the news conference following that meeting, Powell cut to the chase before even taking questions, volunteering that a December rate cut wasn’t a foregone conclusion.