Fed Is Increasingly Torn Over a Dec. Rate Cut
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Boston Federal Reserve President Susan Collins, who voted for the Fed's policy-rate reduction last month, said on Wednesday she sees a "relatively high bar" for additional easing in the near term, citing worries about elevated inflation.
Federal Reserve policymakers appear increasingly divided over whether to cut interest rates again in December.
Boston Fed president Susan Collins said Wednesday that while she supported cutting interest rates at the last policy meeting, the bar for cutting rates further is "relatively high."
Since the Fed’s rate cut at the end of October, the entire yield curve from the 3-month Treasury yield to the 30-year Treasury yield has risen. Mortgage rates have risen too. Read more here.
The Indian rupee will look to build on the modest momentum from the previous session on Wednesday, aided by optimism over a potential U.S.-India trade deal and U.S. data that made it more likely that the Federal Reserve will cut rates again next month.
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