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Investing.com -- Federal Reserve Governor Stephan Miran indicated Friday he would support a 25 basis point interest rate cut if his vote were the deciding factor, following what he described as "obviously dovish" economic data released Thursday.
Speaking on Bloomberg TV, Miran emphasized that the Fed should be "forecast-dependent, not data-dependent," noting that a "lack of data doesn’t mean we don’t have a forecast."
The Fed governor expressed concern about labor market conditions, stating they are "not as strong as we would like." He also pointed out that November’s Consumer Price Index (CPI) data would not be available until after the next Federal Open Market Committee (FOMC) meeting.
Miran’s comments suggest a potential shift in the Fed’s monetary policy stance as officials weigh economic indicators ahead of their upcoming decision.
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