Fed Officials Debate Rate Cut Amid High Inflation

On November twelfth, two top Federal Reserve officials, Susan Collins and Raphael Bostic, expressed concerns about another interest rate cut in December, citing stubbornly high inflation and a resilient economy. They also acknowledged the impact of the recent government shutdown on economic data availability, making it harder for the Fed to make informed decisions. This comes at a challenging time for the Fed, as the economy faces both slow hiring and elevated inflation. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.