Fed Navigates Foggy Windshield, Rate Cut Expected
Update: 2025-12-05
Description
In 2003, Alan Greenspan warned of the challenges in guiding the U.S. economy using interest rates. Today, Jerome Powell faces a similar balancing act, trying to manage risks of a weakening job market and rising prices. The situation is complicated by delayed employment and inflation data, making it totally unprecedented. Despite internal debate, investors expect another quarter-point interest rate cut, marking the third and final one this year. Major banks predict further rate cuts in 2023, signaling a more democratic Fed than the Greenspan era.
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