Goldman's Kaplan: May See Fewer Than Two Fed Cuts Next Year

The transcript discusses the Federal Reserve's decision to adjust interest rates by a quarter point for the third consecutive time. It highlights the challenges and debates surrounding this decision, noting that the rates are now at 4.25% to 4.5%. The discussion also covers the Fed's future projections for rate cuts next year, emphasizing the uncertainty and potential changes due to structural shifts with a new administration. The summary of economic projections is likened to a carton of milk, indicating its short shelf life and the possibility of changes based on unfolding events.

What decision was made regarding interest rates?

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How does the speaker feel about the decision to lower interest rates?

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What factors might influence future interest rate cuts?

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What does the speaker compare the summary of economic projections to?

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What is the speaker's view on the reliability of economic projections?

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