Reported 1 day ago
U.S. central bankers expressed cautious optimism about further interest rate cuts in December, emphasizing the need to monitor incoming economic data. While no strong consensus emerged regarding immediate cuts, Fed officials, including San Francisco Fed President Mary Daly and Chicago Fed President Austan Goolsbee, highlighted the potential for reduced rates in the coming year, contingent on changing conditions. Markets are currently pricing in a 70% chance of a quarter-point rate cut at the upcoming meeting, as inflation trends toward the Fed's 2% target.
Source: YAHOO