You have read about the two blocs forming at the Fed: those who think cutting at the last meeting was a mistake and that a December cut would be as well, and those who believe cuts should be accelerated.

In between those extremes sit Federal Open Market Committee members like Chicago Fed President Austan Goolsbee, who voted for the recent cut, but is hesitant to cut again in December, especially without economic data being released because of the Schumer Shutdown.

Goolsbee recently told CNBC:

If there are problems developing on the inflation side, it’s going to be a fair amount bit of time before we see that, where if it starts to deteriorate on the job market side, we’re going to see that pretty much right away. So that makes me even more uneasy … with front-loading rate cuts and counting on the inflation that we have seen in the last three months to just be transitory and assume that they’re going to go away.

He continued:

Medium-run, I’m not hawkish on rates. I believe that the settling point for rates is going to be a fair bit below where it is today. When it’s foggy, let’s just be a little careful and slow down.

Action Line: In uncertain times like these, it’s hurry up and wait at the Federal Reserve. That’s why investors need a plan they are comfortable with, no matter what happens with rates. When you want to build a plan like that, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.

Originally posted on Your Survival Guy.