Concerns about financial market stability, including the potential for a sharp drop in asset prices, are emerging as a fresh theme for Federal Reserve officials as they debate when and even whether to cut interest rates further.
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Fed's Goolsbee Repeats He Is Uneasy on Rate Cuts
Chicago Federal Reserve President Austan Goolsbee repeated Thursday he is "uneasy" about frontloading interest-rate cuts, particularly with progress on inflation towards the Fed's 2% goal looking to have stalled and starting to go the wrong way.
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Cleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle.
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Fed's Hammack: Sept. Jobs Data Is 'a Bit Stale'
Cleveland Federal Reserve President Beth Hammack downplayed the impact of September hiring data released Thursday, as she once again said U.S. monetary policy needs to be positioned to lower persistently high inflation levels.
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US Existing Home Sales Increase in October
U.S. existing home sales increased in October as buyers took advantage of lower mortgage rates, though rising unemployment and high home prices remain a constraint for the housing market.
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Traders Expect Fed to Skip December Rate Cut
The Federal Reserve will keep its policy rate on hold in December, traders bet Thursday, after government data showed the labor market remained sluggish in September but was not deteriorating in a way that would bolster arguments for a third straight U.S. rate cut.
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