TechFlow news, November 24 — According to Jinshi Data, Barclays Research noted that while uncertainty remains over the Fed's upcoming rate decision next month, Chair Powell is likely to push the FOMC toward a rate cut. Based on recent statements, Barclays believes Governors Michelle, Bowman, and Waller may support a rate cut, while regional Fed presidents Musalem and Schmid favor holding rates steady. Governors Barr and Jefferson, along with Goolsbee and Collins, have shown unclear stances but appear more inclined to maintain the status quo. Governors Cook and Williams are data-dependent but seem more supportive of a rate cut. Barclays stated: "This implies that, before considering Chair Powell’s position, six voting members may lean toward holding rates steady and five toward cutting. The bank added that Powell will ultimately dominate the decision, as the bar for officials to publicly oppose his stance is high."
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