With a Federal Reserve meeting coming up later this month, officials are preparing for a debate over whether to cut their influential interest rates for a third time in a row.
by Terry Lane
Investopedia
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Despite markets anticipating a rate cut at the upcoming Federal Reserve meeting in December, some officials say they still don’t know whether enough progress is being made on inflation.
The Federal Open Markets Committee (FOMC) has cut its influential federal funds rate at the past two meetings. However, the December meeting may be a closer call as Fed officials called for a cautious approach and inflation ticked back up in its most recent readings.
“After making a lot of progress over the past year and a half, the recent data indicate that progress may be stalling,” Waller said. “I take the recent inflation data seriously, but we saw a similar uptick in inflation a year ago that was followed by a continued decline, so I also don’t want to overreact.”