CandleFocus Fed decides to go ahead with December rate cut – but it’s not actually good news
2024-12-08
Author: Content Editor
The Federal Reserve is expected to cut interest rates at its December meeting following a strong jobs report. However, critics argue that the move could lead to risky speculation as inflation and wages continue to rise. Some economists believe that the Fed should not interfere when jobs are plentiful and warn that inflation has not been tamed. Financial conditions are currently loose, prompting questions about the necessity of rate cuts. While Fed Chair Jerome Powell is optimistic about the US economy, not all members of the Federal Open Market Committee share his enthusiasm. Cleveland Fed President Beth Hammack believes the pace of rate cuts should be slowed. The outcome of the December meeting will have significant implications for the future of monetary policy.
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