The person who gave a positive interpretation is curious, it is Kashkari, the president of the Minneapolis Fed, who has appeared twice and has previously delivered hawkish speeches. But he said last night that he could not see any factors in today's data that are unfavorable to a rate cut in December.
The other three Fed officials all responded with cautious rate cuts:
Dallas Fed President Logan said further rate cuts should be made with caution to avoid inadvertently reigniting inflation.
St. Louis Fed President Moussallem said October's CPI data showed that core inflation remained high and a "moderately restrictive" policy was appropriate.
Kansas City Fed President Schmid said he was not sure how much lower interest rates should be, although it was time to start cutting them.
Especially, Musallem's phrase "moderately restrictive" was the first time the Fed said it, and many people don't understand the meaning of these five words. When you really understand them, it has become the "price". Previously, most of the Fed officials' statements were to lower the interest rate to the "neutral interest rate", which means that the Fed's current round of interest rate cuts will be higher than previously expected.
Although the Federal Reserve does not admit that its decisions will be influenced by Trump, the sudden shift of focus to inflation (previously the focus was on employment and the economy), and the personal sounding of the alarm, shows that there are many variables.
For the Federal Reserve, the wolf has really come.#BabyMarvin合约地址F9C7 