Fed's Collins: There is still reason to remain cautious about a rate cut in December

Jinse Finance reported that Federal Reserve's Collins stated that given the continued risks to both inflation and employment objectives, she still tends to oppose a Fed rate cut next month. During a meeting, Collins said: "Regarding a rate cut at the December FOMC meeting, I do believe it is necessary to remain cautious. After a cumulative 50 basis points cut in September and October, I personally believe the current policy is in a moderately restrictive range, which is appropriate for the current economic situation." (Golden Ten Data)