December Rate Cut Seems Likelier After One Fed Official's Comments

Close Key Takeaways The odds of the Federal Reserve lowering borrowing costs in December have suddenly flipped from unlikely to more likely than not after the words of a key federal official. John Williams, president of the Federal Reserve Bank of New York, shook up the outlook for the Fed's key interest rate Friday. He made comments indicating he was open to lowering the fed funds rate at the next meeting of the Federal Open Market Committee in December to help bolster the job market.His remarks made a ra ...