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Federal Reserve spokesperson speaks before the meeting: After the interest rate cut in December, officials may be ready to slow down or even stop cutting rates

Federal Reserve spokesperson speaks before the meeting: After the interest rate cut in December, officials may be ready to slow down or even stop cutting rates

Bitget2024/12/16 06:43

The Wall Street Journal, known as the mouthpiece of the Federal Reserve, has published a new article by renowned journalist Nick Timiraos. It suggests that the Fed's interest rate cut plan is constantly changing and investors generally expect a third consecutive rate cut this week. After this, officials are prepared to slow down or even stop cutting rates. Nick Timiraos says Powell is trying to find an appropriate position in signs of a less volatile labor market and slightly more robust inflation than in September. Some officials have doubts about continuing to cut interest rates, and those who strongly supported the previous two cuts are no longer so sure. One option this week is to cut interest rates by 25 basis points and then use new economic forecasts to strongly imply that the central bank is ready to reduce rates more slowly.

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