As reported by ChainCatcher, according to JIN10, Nick Timiraos, the 'Fed's mouthpiece,' wrote that interest rates are expected to drop significantly after Trump appoints a new Fed chair in May next year. However, opposition to a December rate cut is growing within the Fed, with Powell facing the most internal resistance in his eight-year tenure. Evercore ISI economist Krishna Guha noted that the decision-making process is breaking down, with the committee likely to be deeply divided next year, and the December meeting possibly seeing three or more dissenting votes.
Fed's Internal Consensus on Interest Rates Erodes, Cut Outlook Uncertain
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