The Federal Reserve’s benchmark interest rate is expected to remain steady in December, with many economists and traders predicting a quarter-point cut that will be followed by pausing at its first meeting of 2025.
Fed Governor Christopher Waller recently expressed support for a December cut, solidifying expectations among experts. The lack of dissent from other Fed officials has also reinforced this consensus. While November’s jobs data may have suggested holding monetary policy steady, the prevailing view is that the central bank will keep its rate on hold in December.
Source: https://www.marketwatch.com/story/why-powell-and-the-fed-might-pause-interest-rate-cuts-in-december-bf8d7728