📰 Fed Officials Push Back on December Rate Cut Expectations

Nick Timiraos — the “Fed whisperer” — reports that four regional Fed presidents with current voting rights — **Susan Collins (Boston)**, **Alberto Musalem (St. Louis)**, **Austan Goolsbee (Chicago)**, and **Jeff Schmid (Kansas City)** — have shown **little appetite for another rate cut in December**.

All four **opposed the October cut**, and with their **FOMC voting terms ending this year**, their cautious outlook could **slow momentum for further policy easing**. Meanwhile, the **New York Fed**, holding **permanent voting rights**, continues to shape the overall direction of U.S. monetary policy.

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