Boston Fed President Signals Possible Rate Cut

Boston Fed President Susan Collins indicated that while a December rate cut by the Federal Reserve is possible, it is not certain, as more data on inflation and employment will be assessed beforehand. Collins stated there is no evidence of new inflationary pressures, aligning with Fed Chair Jerome Powell's views on recent inflation being a result of past dynamics. Similarly, the Reserve Bank of Australia has delayed its anticipated rate cut to May 2025 due to stronger-than-expected labor market conditions and persistent inflation risks. In India, rising inflation driven by food prices and an economic slowdown complicate the Reserve Bank of India's (RBI) decision-making on rate cuts. Additionally, uncertainty surrounds the continuation of RBI Governor Shaktikanta Das's tenure, adding complexity to interest rate expectations. These developments reflect a cautious approach by central banks amidst varied economic indicators globally.