Analyst: This is clearly a hawkish rate cut. The Federal Reserve has no choice.

The Golden Data News on December 19th, F.L.PUTNAM Investment Management Company’s Chief Market Strategist Alan Hansen: I think this is clearly a hawkish interest rate cut. Interestingly, a new voter (Hamak) dissented. But if you look at the changes in economic forecasts, you will know that they really have no choice. They raised the PCE and core PCE inflation forecasts for this year, next year, and the year after, dropped the unemployment rate, and raised the GDP. So, it is obvious that the economy is running much hotter than their previous forecasts. This will inevitably prompt them to hope to pause the rate hike.