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New York Times: Fed retains option to cut rates
2024-11-26 20:41
Odaily News When Fed officials cut interest rates at a meeting this month, they avoided explicitly signaling what might happen next, according to the minutes of the Federal Reserve meeting, according to the New York Times. The minutes released on Tuesday provided few signals about whether Fed officials might cut rates at their December meeting or how much they might cut in 2025. Economic data has been stronger than economists expected in recent months. The job market, which had been showing signs of cooling, has stabilized. Given this, some economists have been wondering whether the Fed could pause its rate cuts at its upcoming meeting. But the minutes from the November meeting provided little clear guidance, saying only that it "may be appropriate" for interest rates to "gradually" move lower over time.