Three of them, citing the strength of the economy and an uncertain outlook, expressed a preference for going slow, using words such as "modest" and "gradual" to describe their views on the right pace for rate cuts.
The fourth, San Francisco Fed president Mary Daly, said she feels Fed policy is "very tight" and does not believe that a strong economy, as long as inflation continues to fall, should keep the central bank from continuing to reduce rates.
The remarks provide a small taste of what is expected to be a broad but closed-door debate on the appropriate path for policy at the Fed's upcoming policy meeting on Nov 6 and 7.
After Oct 25, US central bankers will observe a communications blackout - abstaining from any public comments on their monetary policy views - until the Fed announces its policy decision at the close of the two-day meeting.
Bu hikaye The Straits Times dergisinin October 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Straits Times dergisinin October 23, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
NO SNOW, BUT SANTA'S STILL AT WORK
With a month to go until Christmas, Santa Claus is busy preparing, but he is worried about the warming climate and lack of snow in his Arctic home town.
My Chemical Romance ex-drummer Bob Bryar was active in dog rescue
Bob Bryar, the former drummer of pop-punk band My Chemical Romance, who was with the group from 2004 to 2010, has died at the age of 44.
Lady Gaga to hold free gig at Rio's Copacabana Beach: Sources
Pop star Lady Gaga is set to hold a free concert at Rio de Janeiro's Copacabana Beach in May 2025, two sources familiar with the matter told Reuters, a show expected to draw hundreds of thousands of fans.
Taylor Swift fans turn out on Black Friday for vinyl album, new Eras Tour book
Young Taylor Swift fans and their parents lined up outside some of Target's nearly 2,000 stores in America early on Nov 29 - Black Friday - to buy copies of her new Eras Tour book and vinyl album.
K-drama actor Jung Woo-sung apologises after scandal on love child
One of South Korea's top actors apologized after it was revealed he fathered a child with a woman he is not married to, sparking nationwide scrutiny in a country where births outside marriage are still seen as taboo.
Festive vibes with Vivaldi at SSO's choral concert
CONCERT GLORIA!
An exploration of personal identities through dance
As one stepped into the theatre, a dancer was already on stage, performing a short series of movements.
BoA's first solo show harks back to K-pop's roots
The South Korean singer-songwriter's Singapore show was the last stop of her first Asia tour
The myth of an equal marriage
Research has shown that married women continue to do more at home compared with their husbands, so it is time for men to step up
What to do if your child is targeted by a bully
Following recent incidents of school bullying, several parents wrote in to ST to ask for advice on how they can help their children if they are targeted by a bully or bullying someone.
