Fed Divide Deepens As December Vote Nears

Benzinga

Fed officials are sharply divided ahead of the December 10 meeting, with nearly even odds between cutting or holding rates. John Williams boosted market expectations for a cut, while dissent among governors has grown amid conflicting signals on inflation and labor softness. The vote is shaping up to be the closest Fed call in years.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02The vision of the Federal Reserve has widened out of the December 10th policy meeting as

00:06officials split almost evenly on whether to cut or hold rates, according to Bloomberg.

00:10New York Fed President John Williams boosted market expectations for a cut

00:14after several policymakers leaned against one, lifting futures implied odds back above 60%.

00:20Jerry Jerome Powell has remained silent since October, giving FOMC members room to voice

00:24competing priorities over inflation, labor market softness, and limited data after the

00:29shutdown.

00:30Sets have escalated this year, with multiple governors voting against recent decisions,

00:34and others signaling they may do so next month.

00:37December vote is now viewed as the closest call in years, with some seeing a coin flip outcome.

00:41For all things money, visit Benzinga.com.

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