Economists Double Down on December Fed Cut Despite Policymaker Divide: Reuters Poll
The U.S. Federal Reserve will reduce its key interest rate by a quarter-percentage point at the December 9-10 policy meeting to support a cooling labour market, according to a majority of over 100 economists surveyed by Reuters.
That strong consensus broadly mirrored a November poll and the near-85% chance of a cut implied by rate futures but was in sharp contrast to the growing division among policymakers over whether the world’s largest economy needs another dose of easing next week.
Following a 25-basis-point...
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