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Three members of the Federal Reserve may want to keep interest rates unchanged at this meeting
2hours ago

According to IFR, a Reuters news outlet, the first headline news for market participants, aside from the 25 basis point rate cut, is likely to be the dissenting opinion of three or more officials. Waller, Bowman, and Milan will undoubtedly be the three who favor a larger rate cut, while the other dissenters could be Goolsbee, Schmid, or Musallem, who favor maintaining interest rates. However, what traders are really focused on is the FOMC's dot plot, predicting only one rate cut in 2025, or perhaps two. Trump's strategy in removing Fed Governor Cook is likely intended to ensure two more rate cuts in 2025, following today's rate cut. (Jinshi)