Reported about 7 hours ago
Four Federal Reserve officials indicated a preference for keeping interest rates steady due to inflation concerns, casting doubt on a potential December rate cut. Kansas City Fed President Jeff Schmid highlighted the need to stabilize rates amid rising inflation, while Dallas Fed President Lorie Logan and Cleveland Fed President Beth Hammack echoed similar sentiments. They emphasized that inflation, while lower than its peak, remains above the Fed’s 2% target, warranting caution in monetary policy adjustments.
Source: YAHOO