U.S. Fed unofficial spokesman "More FOMC members preferred holding rates steady than a 50bp cut"
JH Kim
Summary
- Reporter Nick Timiraos said the Fed had more members in the September FOMC who preferred holding rates steady than a 50bp cut.
- He said this suggests more weight is being placed on maintaining current levels rather than the possibility of a rate cut.
- He said investors need to closely watch future FOMC decision trends.
On the 8th (local time), Nick Timiraos, a Wall Street Journal (WSJ) reporter known as the Fed's unofficial spokesman, said on X (formerly Twitter) that "the September FOMC minutes suggest there were more members who preferred holding rates steady than who supported a 50bp (0.5 percentage-point) rate cut."
JH Kim
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