Federal Reserve officials are convening for their November FOMC meeting with Chair Jerome Powell to announce the Fed’s decision on interest rates on Wednesday. Cindy Beaulieu, Conning CIO for North America, joins Yahoo Finance Live to discuss what December could look like based on the likelihood of tomorrow’s decision and what may be causing division between Fed regulators.
“”Part of the reason they’ve been careful in their pauses along the way here has been because we have seen so many, so many lag effects in this that have taken place and that’s why they’re being cautious and careful,”” Beaulieu says on consumer savings. “”But I think the problem they have now is that their 2% target is not in reach. 3.7% is great but it’s still not 2%.””
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