Federal Reserve's Collins: There are still reasons to be cautious about a December rate cut.

Odaily Planet Daily reports that Federal Reserve Chair Janet Collins stated that given the continued risks to both inflation and employment mandates, she remains inclined to oppose a rate cut by the Fed next month. Collins said during a conference, "I do think caution is needed regarding a rate cut at the December FOMC meeting. After a cumulative 50 basis point cuts in September and October, I personally believe that current policy is in a moderately tightening range, which is appropriate for the current economic situation." (Jinshi)