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Why former CEA chair Furman says Fed shouldn’t cut rates in December
From youtube.com/cnbctelevision
CNBC’s “Money Movers” team discusses the likelihood of an interest rate cut at the Federal Reserve's next meeting and the case against a rate cut with Jason Furman, professor at the Harvard Kennedy School and former chair of the Council of Economic Advisers.
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BOJ Is Said Likely to Raise Interest Rates at December Meeting Bank of Japan officials are ready to raise interest rates at a policy meeting later this month, provided there’s no major shock to the economy or financial markets in the meantime, according to people familiar with the matter. The central bank will also indicate it will continue to raise rates if its economic outlook is realized while remaining cautious on how far they will eventually push rates up, the people said. The officials see a high likelihood of increasing the benchmark rate by a quarter percentage point to 0.75% at the end of a two-day gathering on Dec. 19, the people said. A rate hike would push the policy rate in Japan to its highest level since 1995. A key market focus is how aggressively the central bank will point to additional hikes.
BOJ Is Said Likely to Raise Interest Rates at December Meeting Bank of Japan officials are ready to raise interest rates at a policy meeting later this month, provided there’s no major shock to the economy or financial markets in the meantime, according to people familiar with the matter. The central bank will also indicate it will continue to raise rates if its economic outlook is realized while remaining cautious on how far they will eventually push rates up, the people said. The officials see a high likelihood of increasing the benchmark rate by a quarter percentage point to 0.75% at the end of a two-day gathering on Dec. 19, the people said. A rate hike would push the policy rate in Japan to its highest level since 1995. A key market focus is how aggressively the central bank will point to additional hikes.
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