Federal Reserve spokesperson: Some Federal Reserve officials have not completely ruled out the possibility of a larger rate cut
ChainCatcher news, according to Jinshi reports, "Fed's mouthpiece" Nick Timiraos stated that stronger housing inflation is driving core inflation increases that are stronger than expected, which reduces the likelihood of the Fed further cutting rates by 50 basis points at next week's meeting.
Officials had previously hinted that they were prepared to cut rates at this meeting, and the CPI data released on Wednesday would not change that. However, some officials have not completely ruled out the possibility of a larger rate cut, rather than the traditional 25 basis points cut.
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