Loading...
[Capital Economics: Fed's December Meeting May Face a 6:6 Voting Deadlock] On November 24, analysts at Capital Economics stated that the Federal Reserve's recent divisions have intensified, and the December rate-setting meeting may result in a 6:6 voting deadlock. The report pointed out that four regional Fed presidents—Collins, Goolsbee, Mester, and Schmid—and Fed governors Barr and Jefferson are opposed to or cautious about the proposal for rate cuts. Meanwhile, three governors appointed by Trump—Bowman, Miller, and Waller—as well as Williams, are inclined to support rate cuts. Capital Economics believes that if Williams aligns with Powell and Governor Cook, a tie may occur, in which case the federal funds rate will remain unchanged.