CandleFocus Has the Rate Cut Been Shelved After Powell's Statements? Will There Be a Rate Cut in December? FED Member Announced!
2024-11-15
Author: Content Editor
The Federal Reserve (FED) has indicated that there may not be further interest rate cuts in December, according to statements from Chairman Jerome Powell and Boston FED President Susan Collins. While Collins mentioned that another rate cut is still a possibility, it is not a definitive decision, and more data will be assessed before making a final determination. The FED's next meeting will take place on December 17-18, and after Powell's comments, expectations for a 25 basis point rate cut have diminished to 62.1% according to the CME FedWatchTool.
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