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Fed's Goolsbee: labour market has stabilised, may need to slow pace of rate cuts

Fed's Goolsbee: labour market has stabilised, may need to slow pace of rate cuts

Bitget2024/11/21 22:32

Chicago Fed President Goolsbee reiterated on Thursday that he supports further rate cuts and is open to a slower pace of action, a statement that highlights the focus of the debate among Fed policymakers that the question is not whether to cut interest rates, but rather the speed and magnitude of the rate cuts. Fed policymakers will meet on 17-18 December, where they will decide whether to cut policy rates again, or wait until next year. Financial markets believe that the process of making a decision will be difficult, and the interest rate futures market believes that the probability of a 25 basis point cut in interest rates is about 55 per cent, and the probability of no cut in interest rates is 45 per cent.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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