Federal Reserve Officials Caution on Economic Outlook

Federal Reserve officials are expressing caution regarding future interest rate cuts amidst signs that inflation progress may be stalling. Susan Collins, a Boston Fed president and future FOMC voter, indicated it's too early to assess the impact of the upcoming election on monetary policy, while fellow board member Michelle Bowman warned about potential risks of cutting rates too quickly, given inflation remains above the target. In Brazil, central bank chief Roberto Campos Neto acknowledged that fiscal policy influences monetary decisions as concerns over national debt grow, although he believes a fiscal turnaround is possible. Meanwhile, the Central Bank of Ireland's governor highlighted uncertainties stemming from a potentially fragmented global economy under a new Trump presidency, noting that tariffs could exacerbate price pressures and trade tensions. Policymakers worldwide are navigating a complex landscape of economic indicators and external factors, underscoring the need for vigilance and adaptability in their strategies.