US Fed’s Cook paints December interest rate cut as uncertain

Federal Reserve Governor Lisa Cook says cuts are coming – but can't say when or by how much. (Image: Wikipedia)

Thu, 21 Nov 2024

By Matt GrossmanFederal Reserve Governor Lisa Cook says the timing of further interest-rate cuts will depend on coming data, leaving the central bank’s decision at its December meeting uncertain.Speaking at the University of Virginia, in Charlottesville, Cook said she expects the Fed to cut rates more from the current 4.5% to 4.75% range eventually, but when and by how much aren’t clear yet.“Going forward, I still see the direction of the appropriate policy rate path to be downward,” Cook said, according to a published t...

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