Fed Officials Shift Tone But Remain Wary of Markets’ Aggressive Rate Cut Bets
- Fed Chair Powell will give his view on economy in Atlanta
- Policymakers appear more comfortable with keeping rates steady
Jerome Powell
Photographer: Al Drago/BloombergThis article is for subscribers only.
Federal Reserve officials shifted their tone this week, inching closer to the conversation markets have long been having: When will the central bank begin cutting interest rates?
A litany of policymakers — including six who will vote on policy next year — indicated in recent days that they were comfortable with keeping rates steady at their December meeting, encouraged by the downward trend in inflation and data showing a slowing economy.