Fed spokesperson: Some Fed officials have not completely ruled out the possibility of a deeper rate cut

avatar
ODAILY
09-11
This article is machine translated
Show original
Odaily Odaily reported that Nick Timiraos, the "Fed mouthpiece", said that stronger housing inflation has driven core inflation to rise stronger than expected, which reduces the possibility of the Fed cutting interest rates by another 50 basis points at next week's meeting. Officials have previously hinted that they are ready to cut interest rates at this meeting, and the CPI data released on Wednesday will not change this. But some officials have not completely ruled out the possibility of a larger rate cut, rather than the traditional 25 basis point cut. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments