Fed Mouthpiece: December Rate Cut Vote Will Be Extremely Close
ChainCatcher news, according to Golden Ten Data, "Fed mouthpiece" Nick Timiraos commented on the minutes of the October Federal Reserve meeting, noting that the disagreement over whether to cut interest rates next month has deepened, causing more and more policymakers to feel uneasy about a rate cut in December. Several participants believed that if the economy develops as expected, a further rate cut in December might be appropriate. Many participants stated that keeping the target range unchanged might be suitable, and the voting result in December appears to be very close.
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