Charles Schwab: The Fed may need to pause and take a break
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Odaily Odaily News: Due to the uncertainty about how Trump's policy intentions will affect key areas of the U.S. economy, the Federal Reserve's December rate cut no longer seems to be a foregone conclusion. Kathy Jones, chief fixed income strategist at Charles Schwab, said, "At this moment, I think uncertainty is at a very high level, everything is in flux, and it could go in many different directions. I think the Fed should probably pause, take a break, and say, 'You know what, we need to sit back and see how things develop.'" Jones said she will pay attention to the minutes of the Fed's November meeting, released on Wednesday, for more clues about policymakers' intentions. (Jinshi)
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