Barclays: Powell may push the Fed to cut rates next month

PANews reported on November 24th that, according to Jinshi, Barclays Research points out that uncertainty remains regarding the Federal Reserve's interest rate decision next month, but Chairman Powell is likely to push the FOMC to make a rate cut decision. Based on recent speeches, Barclays believes that Governors Milan, Bowman, and Waller are likely to support a rate cut, while regional Fed Presidents Mussallem and Schmid prefer to keep rates unchanged. The latest statements from Governors Barr and Jefferson, as well as Goolsby and Collins, indicate that their stance is not yet clear, but they are more inclined to maintain the status quo. Governors Cook and Williams rely on data but seem more supportive of a rate cut. Barclays stated, "This means that before considering Powell's position, there may be six voters who prefer to keep rates unchanged and five who prefer a rate cut." The bank added that Powell will ultimately lead the decision because the threshold for governors to publicly oppose his position is very high.