The Federal Open Market Committee is most likely to cut interest rates again on December 18 to 4.25% to 4.5%, according to fixed income markets.

For many investors, Friday's jobs report confirmed expectations that the Federal Reserve is on track to cut interest rates

The US Federal Reserve appears likely to lower benchmark interest rates again later this month, after cutting interest rates at its previous two meetings. CLick to read.

In her first major policy speech, Federal Reserve Bank of Cleveland President Beth Hammack said on Friday she’s keeping her options open when it comes to the central bank’s next policy meeting, as broader economic conditions continue to argue for a slowdown in the pace of rate cuts.

The increase from 4.1 per cent gives the country's central bank leeway to cut, even though overall job numbers were better than expected.

Cleveland Fed President Beth Hammack favors taking a slow pace in adjusting the Federal Reserve's policy rate, she said Friday at the City Club of Cleveland, according to prepared text. The strength of the economy leads her to support a slower pace of rate cuts than she had expected in September when Fed officials last submitted their economic