off-the-wire

Fed's Miran says he expects rate cut in December

Kitco Media
By Reuters
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Reuters
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Nov 6 (Reuters) - Federal Reserve Governor Stephen Miran says he expects the U.S. central bank to cut interest rates in December, despite the number of non-voting policymakers who may not want to.

"I expect us to cut in December unless there's some sort of surprise," Miran told the Monetary Matters podcast. "When you look at the distribution of votes around the table, it's different than the distribution of views. And so for that reason, I would expect based on current information that we end up cutting in December, but nothing is absolutely guaranteed at the end of the day."

Reporting by Ann Saphir; Editing by Chris Reese

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