Fed Officials Divided on December Rate Cut

Federal Reserve officials are divided on whether to cut interest rates again in December, with some advocating for a rate cut and others preferring to keep rates steady. The central bank is aiming to move rates toward a neutral setting, but the economic landscape is complex. Some officials believe rates are still holding back growth, while others think they arent restrictive enough. Dallas Fed president Lorie Logan and Cleveland Fed president Beth Hammack have expressed preferences for holding rates steady. Central bankers anticipate a gradual softening of job market conditions in the coming months.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.