Media: Three Fed voting members may prefer to keep interest rates unchanged at this meeting
Jinse Finance reported, citing IFR, a media outlet under Reuters, that in this Federal Reserve decision, apart from a 25 basis point rate cut, the first headline that market participants may see is that three or more officials have dissented. Without a doubt, Waller, Bowman, and Mullan will be among the three, as they favor a larger rate cut, while other dissenters may include Goolsbee, Schmid, or Musalem, who wish to keep rates unchanged. However, what traders are truly focused on is the FOMC's dot plot—whether it predicts only one more rate cut in 2025 or possibly two more. Trump's strategy to remove Federal Reserve Governor Cook is likely aimed at ensuring that after today's rate cut, there will be two more rate cuts in 2025.
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