December Flashlight for the FOMC Blackout Period: Slower Pace of Easing on the Horizon

Summary We expect the FOMC will reduce the federal funds rate by 25 bps at the conclusion of its upcoming meeting on December 18 while simultaneously emphasizing that future rate cuts will be slower-going and dependent on incoming data. Data over the inter-meeting period suggest ongoing resilience within the U.S. economy. The labor market cooling […]

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