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Fed Can Wait and See How Economy Evolves, Chair Powell Says
Youtube· 2025-12-10 20:36
Group 1 - The FOMC members unanimously agree that inflation is too high and the labor market has softened, indicating a consensus on the current economic challenges [1][3] - There is a notable divergence among members regarding the weighting of risks and the outlook for the economy, reflecting a complex decision-making environment [1][3] - Discussions within the FOMC are described as thoughtful and respectful, with a broad support of nine out of twelve members for recent decisions, although not all members agree on the direction [3] Group 2 - The FOMC acknowledges the impact of previous rate cuts, specifically a reduction of 75 basis points, and emphasizes the need to monitor economic developments before making further decisions [4] - Upcoming data releases are expected to be significant, but there are concerns about the accuracy of household survey data due to technical issues in data collection during October and half of November [5][6] - A cautious approach is advised when interpreting the forthcoming data, as it may be distorted and not just volatile [5][6]