Barclays: Powell May Push for Fed Rate Cut Next Month

November 24th: Barclays Research indicated that there remains uncertainty regarding the Fed's interest rate decision next month. However, Chairman Powell is likely to prompt the FOMC to make a rate cut decision. According to recent speeches, Barclays believes that Governors Brainard, Bowman, and Waller may be in favor of a rate cut, while Regional Fed Presidents Mester and Bostic are inclined to maintain the rate. Governors Bostic and Clarida, as well as Harker and Collins, have recently stated that their stances are not yet clear, but they are more likely to maintain the status quo. Governors Quarles and Kashkari rely on data but seem to be more supportive of a rate cut. Barclays stated: "This implies that before taking into account Powell's position, there may be six voters inclined to keep the rate unchanged and five inclined to cut rates." Powell will ultimately make this decision as the threshold for Governors to publicly oppose his position is high. (Kin 10)