Trump "designated" Federal Reserve Governor Milan: The October non-farm payroll impact is "significantly dovish," and the November CPI may be announced only after the December interest rate decision
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Federal Reserve Governor Michelle Bowman stated that the September non-farm payroll report indicates a cooling labor market, leaning towards a dovish stance. She revealed that if she had a decisive vote, she would support a 25 basis point rate cut. The November CPI data may be released after the December meeting, and policy discussions will be based on current trends. New York Fed President Williams also indicated that there is room for rate cuts, which the market interprets as an increased dovish signal within the Federal Reserve, raising expectations for a rate cut in December
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