BlockBeats News, November 21: Over the course of nearly two hours, several Federal Reserve officials collectively made dovish comments. Subsequently, U.S. short-term interest rate futures reflected an increase in market bets on a December rate cut by the Federal Reserve, with the likelihood of a December rate cut now at 54%.
Fed Governor Milan: If my vote were a swing vote, I would vote in favor of a 25 basis point rate cut. Believes CPI data will be released after the next FOMC meeting.
New York Fed President Williams: Given the current policy stance is obviously tight, the Fed still has room to cut rates in the short term. Inflation progress remains muted, but is expected to reach the 2% target by 2027.
Fed Vice Chair: AI-related stock gains are benefiting from actual earnings, unlike the internet bubble period.
Fed’s Collins: Over time, further rate cuts are expected. Having a diverse view on the Fed is healthy.
