December Rate Cut a Close Call: Vanguard's Top Economist

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Vanguard's chief economist Joe Davis suggests that the next Federal Reserve rate decision is uncertain, with policymakers weighing the reasons behind the labor market slowdown. He expects only modest rate easing ahead, indicating a cautious approach.

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Market impact analysis based on neutral sentiment with 73% confidence.

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Neutral
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73%

Article Context

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Joe Davis, Vanguard’s chief economist, says the Fed’s next move is a “close call” as policymakers debate whether the labor-market slowdown reflects fewer available workers or weaker hiring. He tells Romaine Bostick and Katie Greifeld on “The Close” that he expects only modest easing ahead. (Source: Bloomberg)

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Original article published by Bloomberg on November 18, 2025.
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