Reported about 11 hours ago
Federal Reserve Chair Jerome Powell's clear warning against expecting a December interest-rate cut reveals increasing divisions among U.S. policymakers regarding the outlook for jobs and inflation. Powell emphasized that while the job market is cooling, some Fed officials remain concerned about persistent inflation limiting further easing. The comments follow a contentious committee meeting where there were notable dissenting opinions on rate adjustments. This split is likely to intensify as pressures mount from the White House amid ongoing discussions about monetary policy.
Source: YAHOO