Federal Reserve Barkin: Given the potential upside risk to inflation, it prefers to continue tightening for a longer period of time.
Federal Reserve Governor Paul Waller: I am inclined to support a rate cut in December.
On December 3, Federal Reserve Governor Paul Waller said he was inclined to support a rate cut at the Fed's meeting later this month, although he also said he might be open to the idea of keeping interest rates on hold. "Policy remains sufficiently restrictive that further rate cuts at the next meeting would not significantly change the stance of monetary policy and leave enough room for slowing the pace of rate cuts if necessary to maintain progress towards the inflation target," Waller said in...
According to a Reuters/Ipsos poll, registered voters are more likely to favor Trump's economic policies, with 47 percent of the vote, compared to 37 percent for Harris.
Federal Reserve meeting notes: Some participants said they preferred a 25 basis point rate cut at the September meeting, while a few said they might support such a move. All officials supported a rate cut at the September meeting.
The dollar weakened in Asian trading on Monday as traders increasingly bet on the Federal Reserve cutting interest rates by 50 basis points this week. The dollar's decline boosted major currencies such as the yen, which rose to its highest level since July 2023. After weeks of debate over whether the Federal Reserve will kick-start its easing by cutting interest rates by 25 basis points or 50 basis points, traders are leaning towards the latter option.
According to institutional analysis, the immediate focus is on core monthly rate data, which tends to increase concerns about stubborn inflation.
Federal Reserve meeting notes showed that Fed officials last month were strongly leaning towards cutting interest rates at their September policy meeting, with several even willing to cut borrowing costs immediately. Fed officials left rates unchanged at the FOMC meeting last month, but are not prepared to cut rates at the September 17-18 meeting.