We discussed the current outlook of 12 Fed members on the markets on Friday. We shared the December statements of all of them, one by one. Beyond that, the aim was to determine the possible scenario for December. Fed members interest You can review our postures article for details. Waller is making important statements as the article is being prepared.
Fed Interest Rate Decision
The lack of data caused by the government shutdown before the December 10 decision increased the possibility of keeping interest rates constant. However, on Friday, NY Fed President Williams made dovish-toned statements and increased the expectation of a discount. Waller is one of the names rumored to be the new Fed chairman and that’s why trump He is on good terms with. The important highlights of the strong supporters of interest rate cuts and their previous statements are as follows:
“My concern is the labor market, I am advocating a rate cut. January will be difficult with a lot of data coming in showing whether it is appropriate to make another cut, meeting meeting approach is required. I still do not think the labor market will improve in the next few weeks.
If the data shows a recovery, we can act more cautiously. It looks like September employment figures will be revised downwards; The fact that the numbers are concentrated is not a good sign. There is no evidence that companies will go on a hiring spree.
Inflation has risen, but I think it will start to fall. Inflation excluding customs duties is around 2.4% or 2.5%. It is not a good sign that job growth is concentrated in two sectors.
I met with Bessent about 10 days ago, we had another great meeting about the economy and markets. The impact of customs duties on inflation will not be that big, it will be a one-time occurrence. “I think management is looking for someone with experience who knows how to get the job done.”
BTC At 86 thousand dollars.
