The closer the December meeting of the central bank's Federal Open Market Committee, the more investors want to know whether there will be another rate cut. And Fed officials aren’t saying for good reason — they don’t know. But on Tuesday, three of them tried to explain.
Conditions seem good. “We have a solid labor market, good growth, and inflation is coming down, which is a huge relief to American families,” San Francisco Fed President Mary Daly told Fox News on Tuesday.
If things are that good, shouldn’t a rate cut be off December’s table because it doesn’t seem necessary?
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