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Fed Warns Rate Cuts Aren’t Guaranteed

And yet, many financial institutions seem to expect federal funds rate reductions to continue.

By Erik Sherman | December 04, 2024 at 08:00 AM

With the December meeting of the Federal Open Market Committee of the Federal Reserve coming up in two weeks, attention is again focused on whether there will be another rate cut.

There’s a split, with the Fed on one side, and most financial institutions on the other. You might guess where this is going. And a couple of central bank officials — Governor Christopher Waller and New York Fed President and CEO John Williams — gave speeches on Monday, December 2, that picked up the theme that much is still unknown.

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