Messages that come out of the top echelon at the Fed are measured carefully, calibrated between delivering clear ideas about policy without causing undue reaction in financial markets. That's why a speech Friday from the current New York Fed leader,

The U.S. Federal Reserve can still cut interest rates "in the near term" without putting its inflation goal at risk, New York Fed President John Williams said on Friday in comments that prompted traders to shift bets firmly in favor of a December rate reduction even as other officials insisted borrowing costs should remain steady for now.

The Bureau of Labor Statistics announced Friday that it won't deliver the October Consumer Price Index report before the Fed meets again.

The central bank’s most recent meeting featured “strongly differing views” over what the Fed should do next month.

Federal Reserve Bank of Boston president Susan Collins signaled that holding interest-rates steady would be “appropriate for now” as inflation is likely to stay elevated for some time.

The Bureau of Labor Statistics said it was canceling the release of the October consumer price index, leaving the Federal Reserve without a key piece of inflation data to ponder when it next decides on interest rates on Dec.

New York Fed President John Williams said he fully supported the central bank’s two recent interest-rate cuts and signaled he could support another move “in the near term” to put rates closer to a neutral setting that neither spurs nor restrains the economy.

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