financetom
Economy
financetom
/
Economy
/
Boston Fed president says December rate cut not a 'done deal', WSJ reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boston Fed president says December rate cut not a 'done deal', WSJ reports
Nov 15, 2024 12:21 PM

(Reuters) - Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a "done deal".

"There's more data that we will see between now and December, and we'll have to continue to weigh what makes sense," Collins was quoted as saying in remarks made on Thursday.

"I don't see an argument for maintaining restrictive policy when there is not evidence of new price pressures, and the old dynamics are perhaps unevenly and gradually resolving over time."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump says president should have say in Fed decisions
Trump says president should have say in Fed decisions
Aug 8, 2024
WASHINGTON (Reuters) - Republican presidential candidate Donald Trump said on Thursday that U.S. presidents should have a say over decisions made by the Federal Reserve. I feel the president should have at least (a) say in there, he told reporters at his Mar-a-Lago residence in Florida. I think that in my case, I made a lot of money, I was...
0.5% Or 0.25%? Federal Reserve Cuts In September Seem A Done Deal, But Bond Traders And Crypto Bettors Disagree On How Much
0.5% Or 0.25%? Federal Reserve Cuts In September Seem A Done Deal, But Bond Traders And Crypto Bettors Disagree On How Much
Aug 8, 2024
The U.S. Federal Reserve is widely expected to continue raising interest rates aggressively in 2024 to tackle persistent inflation, but there are signs that market participants may not be fully aligned in their expectations. What Happened: A key divergence has emerged between the implied probabilities of a 50-basis point rate hike at the Fed’s September 2024 meeting, as reflected in...
Fed responds to economic data, not politics or stocks, says Chicago Fed's Goolsbee
Fed responds to economic data, not politics or stocks, says Chicago Fed's Goolsbee
Aug 8, 2024
(Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Thursday reiterated that the central bank's job is not to respond to stock market routs or political considerations The Fed's out of the election business. The Fed is in the economic business, Goolsbee said in an interview on Fox News, noting the Fed has been very clear about what economic...
Fed's Barkin sees inflation coming down, time to assess policy
Fed's Barkin sees inflation coming down, time to assess policy
Aug 8, 2024
(Reuters) - Richmond Federal Reserve Bank President Thomas Barkin on Thursday said that cooling in the U.S. labor market is coming from slower hiring rather than a rise in layoffs, allowing the central bank to figure out its next move.    I'm actually pretty optimistic that over the next few months we're going to see good readings on the inflation...
Copyright 2023-2026 - www.financetom.com All Rights Reserved