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Analyst: Data Deficiency May Hinder Fed's Rate Cut Path in December
Summary: According to Inflation Insights analyst Omair Sharif, the US government shutdown and lack of official economic data may hinder the Federal Reserve's plan for a third consecutive rate cut in December. If the official data reflecting economic activity in October and November is not available at the December 10 meeting, officials may be hesitant to ...
According to Inflation Insights analyst Omair Sharif, the US government shutdown and lack of official economic data may hinder the Federal Reserve's plan for a third consecutive rate cut in December. If the official data reflecting economic activity in October and November is not available at the December 10 meeting, officials may be hesitant to cut rates again. It could be challenging for them to reach a consensus on another rate cut, especially considering the internal divisions within the FOMC as shown in the September dot plot.
