US EditionJerome Powell Likely to Go for Another Fed Rate Cut Despite Growing Dissent Amid High Inflation
Federal Reserve plans a quarter-point rate cut amid divided officials and delayed economic data; markets now see over 90% chance, reflecting labor market weakness and inflation concerns.
- This week, Federal Reserve Chair Jerome Powell is expected to push through another quarter-point interest-rate cut, with markets now assigning more than a 90% chance to the move.
- The Fed's prior October cut followed a sudden summer deterioration in the US labor market, while a government shutdown delayed and canceled key economic data releases.
- John Williams, New York Fed President, said on Nov. 21 he saw room for a near-term cut, while five Fed officials who voted this year signaled reluctance about another move.
- President Donald Trump is expected soon to name a successor to Powell, with Kevin Hasset, senior economic adviser , and some investors worry the new chair may pursue cuts risking inflation.
- Looking ahead, economists polled by Bloomberg expect a pause before two reductions next year in March and September, while Kevin Hasset's possible board entry soon may complicate Powell's tenure.
25 Articles
25 Articles
Waiting for the Fed this week is the motto on the stock exchanges. On Wednesday, the US Federal Reserve will announce its interest rate decision. Falling interest rates could be the starting signal for an annual overnight.
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Rate Cuts Loom as Fed Faces Dissent Amid Global Economic Tensions
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Seoul shares open lower ahead of US rate-setting meeting
Koreans stocks opened lower on Monday as investors sat on the sidelines ahead of the U.S. Federal Reserve's rate-setting meeting this week. The benchmark Korea Composite Stock Price Index (KOSPI) lost 8.31 points, or 0.2 percent, to 4,091.74 in the first 15 minutes of trading. The two-day Federal Open Market Committee meeting is set to kick off on Tuesday (U.S. time), with market watchers widely anticipating a 0.25 percentage point cut. In Seoul…
Jerome Powell likely to go for another Fed rate cut despite growing dissent amid high inflation
The Fed delivered a second straight reduction in October driven by the summer’s sudden deterioration in the US labor market. But that was followed by an outburst of hawkish concern from some officials
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