Fed Officials Weigh December Rate Cut Amid Inflation Concerns
TL;DR Summary
Federal Reserve Governor Christopher Waller indicated he is inclined to support an interest rate cut in December, contingent on upcoming economic data, particularly concerning inflation. Despite recent inflation data showing an uptick, Waller remains optimistic about achieving the Fed's 2% inflation target. He likened the struggle with inflation to an MMA fight, expressing confidence that inflation will eventually be subdued. Markets anticipate a quarter-point rate cut in December, following previous reductions in September and November.
- Fed Governor Waller says he is 'leaning toward' a December rate cut, but worries about inflation CNBC
- New York Fed’s Williams Says Rate-Cut Timing Will Depend on Data The Wall Street Journal
- Fed’s Bostic Keeping ‘Options Open’ for December Rate Decision Bloomberg
- Top Federal Reserve official warns progress on taming US inflation ‘may be stalling’ Financial Times
- Fed’s Williams Expects Gradual Decline in Inflation, Interest Rates Barron's
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