Despite little economic data, the Fed has approved another interest rate cut for December. A cooler job market was cited as the main concern, and now questions swirl about whether this rate cutting cycle will continue in 2026. On this episode of Market Sense, we discuss what’s next for the Fed and monetary policy as Chair Powell's term ends in May. Plus, we delve into the end of quantitative tightening and what it could mean for the bond market.

Help make the most of your money in 2026 with insights on the markets, investing and taxes from our Fidelity pros. Click here to check out the 2026 Financial Preview.

Read the full transcript

View the slides

Watch the video replay