Fed watchers expect Powell to build consensus around small rate cut

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ODAILY
11-04
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Odaily Odaily News Investors are expecting Federal Reserve Chairman Powell to cut interest rates by 25 basis points this week to keep the rate cut plan on track despite some stubborn signs of inflation and mixed signals about the job market. "This week's FOMC meeting was a refreshingly simple decision, and the reasons for the rate cut remain valid," said Michael Feroli, chief economist at JPMorgan Chase, in a report. Fed watchers expect Powell to reach a consensus around a small rate cut after a big rate cut in September. (Jinshi)

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