Federal Reserve's Collins: There are still reasons to be cautious about a December rate cut.
Fed's Collins stated that given the ongoing risks to the dual goals of inflation and employment, she still tends to oppose the Fed cutting rates next month. During a meeting, Collins said: "Regarding a rate cut at the December FOMC meeting, I do think caution is needed. After a cumulative 50 basis points cut in September and October, I personally believe the current policy is in a moderately tight range, which is appropriate for the current economic situation."
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