Powell: Fed Can Afford to Be ‘More Cautious’ About Easing Toward ‘Neutral’
– Cites Strong Growth; Low Unemployment; ‘Higher’ Inflation By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell strongly suggested Wednesday that he favors a gradual, careful approach to further interest rate reductions. Powell said the Fed is in the process of lowering short-term interest rates to a “more neutral” level but said the […]
ISM: US Services Sector Expands for 5th Straight Month in November but Posts Sharp Slowdown on Trump Tariff Concerns, Slow Fed Rate Cuts
–ISM Services Index at 3-Month Low of 52.1 vs. 56.0 in October, Well Below Median Forecast 55.5–ISM’s Miller: Trump Tariff Complications Not Accelerating Ongoing Move Away from China–Miller: Higher Costs of Sourcing from Mexico Likely to Be Resolved Via North American Trade Pact As in Past By Max Sato (MaceNews) – Business activity in the […]