Reported 1 day ago
Federal Reserve officials, including governor Lisa Cook, suggest a cautious approach to interest rate reductions in response to strong job market resilience and persistent inflation. While acknowledging the need to reduce inflation, they aim to avoid destabilizing employment levels. As of November, the unemployment rate is 4.2%, with expectations that job growth will gradually cool. Inflation data shows signs of easing, but officials expect adjustments to be difficult amidst potential policy changes with the incoming Trump administration.
Source: YAHOO