Federal Reserve of Boston: December Rate Cut Not a Done Deal

BlockBeats News, November 1st, Atlanta Fed President Bostic made it clear on Friday that a rate cut in December is not a done deal. When discussing the monetary policy outlook at a Dallas Fed event, he emphasized: "I will reiterate that each meeting is live, we have no pre-set course, and we will not deviate from data dependency."

Bostic specifically pointed out that despite strong market expectations for a year-end rate cut, Fed Chair Powell explicitly stated after this week's policy meeting that a December rate cut is not a foregone conclusion. He stated, "The dot plot suggests different viewpoints, but do not read too much into it. We will rely on data to ensure the decision is appropriate." (FXStreet)