NEW YORK FED PRESIDENT WILLIAMS SIGNALS DECEMBER RATE CUT BACK IN PLAY!
Market sentiment shifted rapidly after NY Fed President Williams — a close ally of Chair Powell — suggested there is still “room for further adjustments,” pushing expectations of a December rate cut from below 40% to over 70%. The labor market continues to weaken, with unemployment reaching 4.4%, its highest level in nearly four years. Many economists now argue that deteriorating job data makes a December cut increasingly plausible. Williams’ comments indicate Fed leadership may be leaning toward easing. The Dec. 10 meeting could become an “insurance cut” moment with major market implications.
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