Boston Fed President Susan Collins said it was too soon to say whether the Fed should cut interest rates next month. “It’s not a done deal.”

By Howard Schneider WASHINGTON (Reuters) -Strong U.S. economic and inflation data continue to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.

U.S. stocks suffered their worst loss since election day as the boost from Donald Trump's victory and a Federal Reserve interest rate cut kept fading.

U.S. stocks are falling again Friday as their big rally following last week’s presidential election and cut to interest rates continues to fade. The S&P 500 was 0.7% lower in early trading. The Dow Jones Industrial Average was down 141 points,