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Powell: Absence of Economic Data Could Justify Pause in Rate Adjustments

By: theblockbeats.news|2025/10/29 19:15:54

BlockBeats News, October 30, Federal Reserve Chairman Powell: The lack of economic data may provide a reason to pause interest rate adjustments. In the absence of data, it may be necessary to be more cautious. It can be envisioned that a government shutdown may affect the December meeting. (FXStreet)

After the Fed released the interest rate decision, the spot gold price briefly dropped to $3979.9 per ounce.

Powell: More and More Officials Want to Postpone Rate Cut