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Powell: The interest rate is now within the range of many neutral interest rate estimates.
According to Mars Finance, on October 30, Fed Chairman Powell stated: The Fed's interest rate is now within the range of many neutral rate estimates. Some members of the committee believe it is time to take a step back. Generally, the labor market is a better indicator than spending; however, in this case, this indicator appears to be more pessimistic.
All members of the committee are firmly committed to achieving the goals, but there are differences in the approach to achieving them. Some members prefer to pause interest rate cuts, while others support continuing further cuts. An increasing number of people believe that the Fed may need to wait for a cycle before taking action.