Equities, bond prices fall as hopes fade for Fed rate cut in December

Equities, bond prices fall as hopes fade for Fed rate cut in December

By Sinéad Carew and Marc Jones

Thu November 13, 2025 4:34 PM  

With news out of Washington today that it may take longer than expected to recover from the shutdown, that indeed we may not ever get any October labor data, all three indexes plunged severely, all in serious 3-digit losses. Adding to the plunge was considerably stronger hawkish Fed talk which led to the odds of a December rate cut also plunging, as the markets very much expected that rate cut. The decline began all around at open and continued a steady downward slope all day.  

Inflation remains at 3%, still way too high for Fed comfort. The recent buying sprees were in anticipation of the government opening back up and a quick return to normal reporting but now sentiment is dampened by the prospect that it may be a while before any government data is to be had again and once again be equipped to do accurate analysis. Per the CBOE, volume came in at 21.2 billion, above the 20.5 billion average. 

DJ: 48,254.82  +326.86        NAS: 23,406.46  -61.84         S&P: 6,850.92  +4.31            11/12

DJ: 47,457.22  -797.60         NAS: 22,870.36  -536.10       S&P: 6,737.49  -113.43         11/13

Thu 11-13-25 4:34 pm Equities, bond prices fall as hopes fade for Fed rate cut in December | Reuters