The Fed's interest rate decision encounters a "hawkish-dovish duality", for the first time in many years.

On October 30, the Fed's interest rate decision faced a rare situation of “hawk-dove duality”: Board member Stephen Milam advocated for a more aggressive rate cut for the second consecutive meeting, arguing for a one-time reduction of 50 basis points instead of the actual 25 basis points; meanwhile, Kansas City Fed President Esther George opposed any rate cut measures from a hawkish stance, advocating for maintaining the interest rate. This kind of dual dissent in the meeting last appeared in September 2019, reflecting a significant divergence in the Fed's internal judgment of the economic outlook. ( Jin10 )

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)