Skip to playerSkip to main content
  • 4 hours ago
The Fed is reviewing delayed economic reports after the shutdown as officials remain split on a December rate cut. With inflation still about one point above target and incomplete data, analysts say policymakers may push cuts into next year.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Federal Reserve began reviewing delayed economic reports after the government reopened,
00:07as policymakers debated whether to cut rates at the December meeting, according to Reuters.
00:13Fed Governor Christopher Waller said slowing job growth supports another cut,
00:17while Vice Chair Philip Jefferson urged a slower approach with rates near a neutral level.
00:22Chair Jerome Powell said a December cut is not guaranteed after an October decision
00:26that included dissents for both tighter and looser policy.
00:29Officials remain divided as inflation stays about one point above the 2% target,
00:34and analysts said the lack of complete data may delay further cuts into next year.
00:39For all things money, visit Benzinga.com.
Be the first to comment
Add your comment

Recommended