Analysts say they expect the Federal Reserve to again cut interest rates at the next policy committee meeting on Dec. 9-10. At each of the two previous meetings, the committee selected to cut rates by 0.25%.
As of Nov. 10, experts put the odds of a December rate cut at around 63%, according to Investopedia. That expectation follows reports of historic job losses in October and declining consumer confidence in the U.S. job market and economy overall.
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Federal Reserve Chairman Jerome Powell cautioned against those expectations, indicating he was not yet sure whether the Fed would cut rates in December or not. Those arguing against another rate cut cited inflation as their primary concern.
