Barclays: Powell may push the Fed to cut rates next month PANews, November 24 news, according to Jin10 report, Barclays research points out that there is still uncertainty regarding the Fed's rate decision next month, but Chairman Powell is likely to push the FOMC to make a rate cut decision. Based on recent speeches, Barclays believes that Governors Mester, Bowman, and Waller may support a rate cut, while regional Fed Presidents Musalem and Schmied are inclined to keep rates unchanged. Governors Barr and Jefferson, along with Goolsbee and Collins' latest statements, indicate that their stance is still unclear but leans towards maintaining the status quo. Governors Cook and Williams rely on data but seem to support a rate cut. Barclays stated: "This means that before considering Powell's position, there may be six voters inclined to keep rates unchanged and five inclined to cut rates." The bank added that Powell will ultimately lead this decision, as the threshold for governors to publicly oppose his position is very high.
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Barclays: Powell may push the Fed to cut rates next month PANews, November 24 news, according to Jin10 report, Barclays research points out that there is still uncertainty regarding the Fed's rate decision next month, but Chairman Powell is likely to push the FOMC to make a rate cut decision. Based on recent speeches, Barclays believes that Governors Mester, Bowman, and Waller may support a rate cut, while regional Fed Presidents Musalem and Schmied are inclined to keep rates unchanged. Governors Barr and Jefferson, along with Goolsbee and Collins' latest statements, indicate that their stance is still unclear but leans towards maintaining the status quo. Governors Cook and Williams rely on data but seem to support a rate cut. Barclays stated: "This means that before considering Powell's position, there may be six voters inclined to keep rates unchanged and five inclined to cut rates." The bank added that Powell will ultimately lead this decision, as the threshold for governors to publicly oppose his position is very high.