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Analyst: Data Gap or Hurdle to Fed's December Rate Cut Path
BlockBeats News, October 30, Inflation Insights analyst Omair Sharif believes that the U.S. government shutdown and a lack of relevant official economic data may hinder the Federal Reserve's plan to cut interest rates for the third consecutive time in December. If the official data reflecting October and November economic activities is not available at the meeting scheduled for December 10, officials may be reluctant to cut rates again. They may find it challenging to reach a consensus on another rate cut, especially considering the internal dissent within the FOMC as indicated in the September dot plot. (FX678)
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