Signal

Fed Interest Rate Cut in December Seems Much More Likely as Key Officials Signal Support

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Fed Interest Rate Cut in December Seems Much More Likely as Key Officials Signal Support

The perceived probability of a Federal Reserve interest rate cut next month has jumped dramatically after top officials closely allied with Fed Chair Jerome Powell expressed support for further rate cuts. New York Fed President John Williams, a permanent voter and key voice on the rate-setting Federal Open Market Committee (FOMC), said on Nov. 21 … Read more

Private Hiring Rebounds, Sending Mixed Signal for Fed Rate Cut in December

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Private Hiring Rebounds, Sending Mixed Signal for Fed Rate Cut in December

Job growth in the private sector made a surprise surge last month, raising doubts about whether the Federal Reserve will continue cutting interest rates in December. Companies added 42,000 jobs in October, more than expected and the first monthly payroll growth since July, according to data released by payroll processor ADP on Wednesday. With federal … Read more