Asks if Fed will not cut in December
Host
Vincent Reinhart
Expects Fed to cut in December, argues little has changed since September projections to justify no cut
Notes Fed officials seem nervous and potentially political
Host
Vincent Reinhart
Explains FOMC split between 10 members wanting more cuts and 9 thinking they've done enough
Raises inflation concerns and upside risks
Host
Vincent Reinhart
Acknowledges inflation concerns but sees public Fed discussions as internal persuasion efforts
Asks about danger of adverse market reaction like mortgage rate rise during previous cut cycle
Host
Vincent Reinhart
Warns December cut may not be well explained due to dissents, potentially causing adverse market reaction
Questions focus on December given new Fed voting members and chair in 2025
Host
Vincent Reinhart
Forecasts rates going down due to economic activity concerns, but 2025 depends on political appointments