Fed Member Miran Signals 25 Basis Point Rate Cut

Critical Interest Rate Cut Statement from Fed Member Miran

Federal Reserve Board Member Stephen Miran stated on Thursday, November 20, that he could support a 25 basis point rate cut following "dove"-like data that is important for the economy. These comments stand out as a noteworthy development for investors and market analysts to closely monitor.

Predictions Based on Data Analysis

Miran emphasized in an interview with Bloomberg TV that the Fed should base its decisions on data rather than forecasts. "The lack of data does not mean our predictions are invalid," he stated, providing a significant perspective on market dynamics.

Concerns About Labor Market and CPI Data

Miran expressed concerns regarding labor market data falling short of the Fed's expectations. He also mentioned that the Consumer Price Index (CPI) data for November is expected to be released after the next Federal Open Market Committee (FOMC) meeting.

Miran's remarks have increased the likelihood of an interest rate cut in the markets, attracting investors' attention.