Institution: Expected Fed to unanimously agree on rate cut in December

TechFlow news — On December 16, Pantheon Macroeconomics economists Samuel Tombs and Oliver Allen said Federal Reserve officials have been in a communications blackout ahead of this week’s policy decision, but are expected to unanimously decide on a 25-basis-point rate cut. Governor Christopher Waller indicated before the meeting that he favors a 25-basis-point cut—the clearest policy signal so far from any committee member. Economists expect that given inflation has stubbornly remained above target, a pause in rate cuts will be the Fed's default option at its January meeting. (Jinshi)