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Fed's Miran says he expects rate cut in December

BY Reuters | ECONOMIC | 11/06/25 01:05 PM EST

(Reuters) -Federal Reserve Governor Stephen Miran says he expects the U.S. central bank to cut interest rates in December, despite the number of non-voting policymakers who may not want to.

"I expect us to cut in December unless there's some sort of surprise," Miran told the Monetary Matters podcast. "When you look at the distribution of votes around the table, it's different than the distribution of views. And so for that reason, I would expect based on current information that we end up cutting in December, but nothing is absolutely guaranteed at the end of the day."

(Reporting by Ann Saphir; Editing by Chris Reese)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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