Fed Governor Bowman says December interest rate cut should be the last
- The US Federal Reserve is expected to cut interest rates at a policy meeting this week, following a previous quarter-point cut in December 2024, reducing the key lending rate to between 4.25 and 4.50 percent despite inflation concerns.
- Futures traders predict an 80 percent chance that the Fed will implement no more than two quarter-point cuts in 2025, a decrease from earlier forecasts of four cuts.
- Fed Governor Michelle Bowman stated that the December rate cut should be the last for now, citing ongoing inflation risks and a strong labor market as reasons for caution.
- Other Fed officials, including Kansas City Fed President Jeff Schmid, echoed Bowman's sentiments, emphasizing a gradual approach to future policy changes in response to economic data.
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Total News Sources0
Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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