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Fed's Goolsbee: The threshold for rate cuts is now higher than in the previous two Fed meetings.
On November 3, Fed's Goolsbee stated that the economy still has the potential to follow a golden path. He believes that interest rates will ultimately stabilize at a level far below the current one. As inflation decreases, interest rates should be lowered. There is anxiety about an early rate cut. Inflation data remains concerning. It has not yet been decided what actions the Fed will take at its next meeting, and the current threshold for rate cuts is higher than at the last two Fed meetings. ( Jin10 )