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Federal Reserve megaphone: Increasing divergence within the Federal Reserve on December rate cut
Summary: According to Jinshi's report, 'Federal Reserve megaphone' Nick Timiraos: The internal divergence within the Federal Reserve has cast a shadow on the path to rate cuts, a level of disagreement unprecedented in Chairman Powell's nearly eight-year term. Officials are divided on whether sustained inflation or a sluggish labor market poses a greater threat, and even ...
According to Jinshi's report, 'Federal Reserve megaphone' Nick Timiraos: The internal divergence within the Federal Reserve has cast a shadow on the path to rate cuts, a level of disagreement unprecedented in Chairman Powell's nearly eight-year term. Officials are divided on whether sustained inflation or a sluggish labor market poses a greater threat, and even the restoration of official economic data may not bridge the gap. Despite investors still seeing a high likelihood of a rate cut at the next meeting, this division has made a seemingly feasible plan from less than two months ago more complex.
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