Private-sector hiring continues to slow, but workers are finding pay increases for remaining in their current positions.
Federal Reserve Bank of San Francisco President Mary Daly said an interest-rate cut this month isn’t certain but remains on ...
"Right now, knowing what I know today, still considering a 25-basis-point cut in December ... Fed policymakers have openly puzzled over how much lower they should take the policy rate, now ...
That would have made a 32% projected probability of no rate cut. As of November 19, expectations the Fed might not cut rates in the December meeting rose to 40.9%, from 34.7% on November 18.
Regarding the Fed’s next meeting in December 2024, the market-implied probability of a 25-point rate cut is about two-thirds, while there’s a one-third probability of no cut. Fed Chair ...