Federal Reserve Meeting on October 31st Indicates Fed is Done with Actions, Financial Conditions Tightened Equivalent to Two Rate Hikes Since September 20th

The Federal Reserve (Fed) meeting took place on October 31st. The meeting has been referred to as 'Fed Day' and 'Fed looks done'. The Fed's decision is influenced by the tightening of financial conditions since the September 20th meeting, equivalent to two rate hikes. The meeting outcome suggests that the Fed is done with its actions.