From CNBC: 2024-12-04 13:25:44

Federal Reserve Chair Jerome Powell will speak at the New York Times DealBook conference, two weeks before the central bank announces its decision on interest rates. Markets expect a quarter-point rate cut from the current target range of 4.5%-4.75%. Policymakers are cautious due to a recent increase in inflation.

Fed Governor Waller leans towards a December rate cut but is concerned about inflation. The Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations. Meeting minutes show that Fed officials anticipate interest rate cuts but only “gradually” in the future.

Read more: Watch Fed Chair Jerome Powell speak live at the Dealbook conference