Odaily星球日报讯 美联储理事库格勒表示，如果通胀回落进展停滞，可能会要求美联储暂停降息（金十）

美联储理事库格勒：如果通胀回落进展停滞，可能会要求美联储暂停降息

Odaily Odaily News: Fed Governor Kugler said that if the decline in inflation stagnates, the Fed may be asked to suspend interest rate cuts (Jinshi)

Fed Governor Kugler: If inflation slows down, the Fed may be asked to suspend rate cuts

According to the report from Gold Ten, the Wall Street Journal commented on the US CPI data, pointing out that although the inflation data is stabilizing, the Federal Reserve decision-makers still seem likely to cut interest rates by another 25 basis points at their last meeting of the year next month. This is primarily because, despite the ups and downs, inflation appears to still be on a downward trend. Additionally, there is still a certain degree of "catch-up inflation" in the data. Federal Reserve officials also believe that the current short-term interest rate level is restrictive, which means that if further rate cuts do not occur, the job market may cool down further than they expect, even posing the risk of an economic recession. That said, the US Department of Labor will release the next consumer inflation report on December 11, a week before the Federal Reserve meeting. If the data is much more robust than the Federal Reserve officials hope, they may choose to temporarily pause further rate cuts. This would be even more the case if the November employment report, scheduled for release on December 6, shows a rebound in employment, thereby confirming that last month's slowdown was merely a reflection of hurricane and strike-related issues.

The first inflation data after the US election stabilized, and the Fed may cut interest rates again in December

Odaily Planet Daily Report: Former Cleveland Fed Chairman Mester said that the pace of interest rate cuts by the Federal Reserve next year will be affected by fiscal policy, and the number may not be as many as the 9 September assumption or expectation. Mester pointed out that the Fed's outlook will change with the fiscal plans of the incoming Republican government, and the market may have correctly predicted that there will be fewer than the previously expected four rate cuts. "Next year, the pace of rate cuts will be affected by fiscal policy," the economists surveyed by Reuters also expect a 25 basis point rate cut at the December 2024 meeting. This will bring the federal funds rate down to 3% to 3.25% by the end of 2025, slightly lower than the Fed's median "dot plot" forecast. (Gold Ten)

Former Cleveland Fed President: Rate cuts will be fewer next year

Odaily Planet Daily Report: The global market's attention is now turning to the upcoming release of US inflation data, which may affect people's views on the Federal Reserve's room for further rate cuts. US Treasury yields and the US dollar are rising, indicating that investors expect President Trump's plan to impose trade tariffs and tax cuts to put inflationary pressure. Against this backdrop, US stocks have fallen, as relatively high borrowing costs may become an obstacle to risk investments, including cryptocurrencies. (Bloomberg)