Former Richmond Fed President: I expect a ‘very hawkish' Fed press conference

Group 1 - The expectation of a rate cut is present, with potential dissent from both dovish and hawkish members of the Federal Reserve [1][2] - The labor market is currently balanced, with unemployment below 5%, but inflation remains elevated at 3%, indicating an inflation problem rather than an employment issue [3][4] - There are mixed signals regarding the labor market, with some indicators suggesting softening, such as a decrease in the quits rate to 1.8% and other reports indicating less hiring and separations [6][7] Group 2 - The uncertainty surrounding U.S. monetary policy for the next year is significant, particularly with the upcoming transition in the chairmanship of the Federal Reserve [8] - Even with expectations that Kevin Hasset may take the role, there remains uncertainty about his approach to monetary policy [9]