Reported about 11 hours ago
Officials from the Federal Reserve, including Austan Goolsbee, Lisa Cook, and Mary Daly, are expressing uncertainty about a possible interest rate cut in December, primarily due to ongoing inflation challenges and a lack of essential economic data caused by a government shutdown. While Goolsbee highlighted concerns about persistent inflation trends above the target rate, he also noted stable unemployment figures. Both Cook and Daly emphasized a cautious approach to policy changes, indicating that each meeting remains a live decision-making process amid uncertain economic indicators.
Source: YAHOO