Fed, December rate
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October jobs and inflation reports are canceled and November data are delayed until after the Fed's Dec. 9-10 meeting. What this may mean for rates.
10hon MSN
Fed governor says current economy is 'calling for large interest rate cuts' to help job market
Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher.
Gold has consolidated after pulling back last month from a record peak above $4,380 an ounce, with some investors fearing the rally had gone too far, too fast. Still, the metal has gained about 55% this year and is on track for its best annual performance since 1979, supported by elevated central-bank purchases and inflows to exchange-traded funds.
A winner has yet to be named. But an exclusive Bloomberg report Nov. 25 said White House National Economic Council Director Kevin Hassett is the frontrunner to be the next Fed chair. White House Press Secretary Karoline Leavitt said in a cheeky statement Nov. 25 that “Nobody actually knows what President Trump will do until he does it. Stay tuned!”
U.S. Treasury Secretary Scott Bessent said on Tuesday the Federal Reserve's system of managing interest rates is struggling and needs to be simplified. "We've gotten to this point where monetary policy has gotten very complicated" and the U.
Investors are now forecasting that the Federal Reserve will cut interest rates at its next meeting, scheduled for Dec. 10.
A senior Fed official revived investors’ rate-cut hopes, leading to more market confusion about December’ policy decision.
The Federal Reserve won’t see critical information on U.S. inflation or job creation before its next pivotal meeting in December to decide whether to cut interest rates for the third month in a row.