U.S. central bankers on Tuesday said they continue to believe inflation is heading down to their 2% target and signaled support for further interest rate cuts ahead, but none pushed strongly for or against doing so when they next meet to set rates in two weeks.

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

This has been a rather extraordinary year for interest-rate expectations. We came into the year with expectations having been fed by the US central bank. The quotes below come from the 14th of December last year.