Overview
- Reuters’ latest poll shows 80% of economists expect a quarter‑point cut on Dec. 10, with the rest seeing no change.
- Fed Governor Stephen Miran reiterated that policy is too restrictive and called a 50‑basis‑point reduction appropriate, saying 25 bps should be the minimum.
- Boston Fed President Susan Collins said additional easing carries a high bar and signaled it may be appropriate to hold rates for some time.
- St. Louis Fed’s Alberto Musalem and Vice Chair Philip Jefferson urged caution as officials navigate a data gap caused by the prolonged government shutdown.
- Markets still price a December cut as more likely than not, with CME FedWatch odds around the low‑to‑mid 60% range and slipping in recent days.