Reported about 6 hours ago
As the Federal Reserve prepares for its December meeting amid mixed economic signals, Thornburg Investment Management's Christian Hoffmann suggests that a rate cut by Jerome Powell may be motivated by a desire to maintain an apolitical stance, especially with Donald Trump's imminent second term. Hoffmann notes that failing to cut rates could also be seen as politically charged, indicating that Powell might lower rates to reinforce the Fed's non-political image.
Source: YAHOO