The Federal Reserve is under pressure to consider interest rate cuts, with former Treasury Secretary Larry Summers advocating for a cautious approach, citing the need for 'overwhelming' evidence to support the decision. Traders are anticipating the final Fed meeting of 2023 for potential clues on rate cuts, while investors are gearing up for a pivotal week centered around inflation data and the Fed rate decision. Fed Chair Jay Powell faces the challenge of maintaining flexibility in policy plans amid intense pressure to disclose the timing and extent of potential interest rate cuts.
At the final FOMC meeting of the year this week, Jay Powell faces a tough balancing act to maintain flexibility in the Fed's policy plans in the face of intense pressure to reveal when and by how much it intends to cut interest rates next year https://t.co/rm9QNOF2ns @FT https://t.co/HzRbOFjViW
The Fed should wait to cut interest rates until there’s 'overwhelming' data to support the decision, former Treasury Secretary Larry Summers says https://t.co/peYFIjwijy
Jay Powell under pressure to set out plan for US interest rate cuts https://t.co/SQp9bFzlez
Ahead Of Next Week's Fed Meeting, Larry Summers Says 'Overwhelming Evidence' Supporting Rate Cuts Not Yet There, Advises Central Bank To Be 'Very Deliberative And Careful' https://t.co/mkmVuEdIBz
Inflation data and the Fed rate decision will make for a pivotal week for investors https://t.co/WtnhqHVhKR
Inflation data and the Fed rate decision will make for a pivotal week for investors https://t.co/kpcmXMjc1V
Inflation data and the Fed rate decision will make for a pivotal week for investors https://t.co/BI4R1z16nq
Cramer's week ahead: Focus on the Federal Reserve's meeting https://t.co/6PUgaeIc5A
Traders brace for the final Fed meeting of 2023 in the week ahead as they look for clues on possible rate cuts https://t.co/1doluvz6am
The Fed will spark a 'seismic moment' if it cuts rates, and should wait for overwhelming evidence the economy is slowing, Larry Summers says https://t.co/pu3CzVUmsq
The Fed should wait to cut interest rates until there’s 'overwhelming' data to support the decision, former Treasury Secretary Larry Summers said https://t.co/ogCrFgGUc0
The Fed should wait to cut interest rates until there’s 'overwhelming' data to support the decision, former Treasury Secretary Larry Summers said https://t.co/bzo6U4BAq7
Fed pivot to interest-rate cuts seen likely to start in May https://t.co/6S7IwWtHul https://t.co/vMiLqw8PWU