Several Federal Reserve officials have signaled they’re open to cutting interest rates at a more deliberate pace next year as they grapple with the uncertainties of a Republican takeover in Washington, a pickup in productivity and slower improvement on inflation.
Minutes of the Federal Open Market Committee’s Nov. 6-7 meeting, set for release at 2 p.m. in Washington, could provide more clues on whether policymakers are rethinking how fast and how far to lower borrowing costs.
Chair Jerome Powell, Dallas Fed President Lorie Logan and Governor Michelle Bowman are among those suggesting they’re in no rush, though none has ruled out a rate cut at the Fed’s next meeting in December.
Craig Torres | Yahoo Finance