Federal Reserve Chair Powell Considers Impact of Government Shutdown on December Meeting

According to Odaily, Federal Reserve Chair Jerome Powell has indicated that a government shutdown could potentially influence the December meeting. In the absence of economic data, a more cautious approach may be necessary. The lack of economic data could justify a pause in rate adjustments. According to CME FedWatch, the probability of a rate cut by the Federal Reserve in December stands at 55.9%, down from 66.9% a day earlier.