Fed, A rate cut
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October jobs and inflation reports are canceled and November data are delayed until after the Fed's Dec. 9-10 meeting. What this may mean for rates.
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No Jobs Data, No Fed Meeting? The Central Bank's December Interest Rate Decision Just Got Harder
The Federal Reserve's next rate move may hinge on delayed employment data, which won't be released until after its next scheduled rate cut decision.
The Federal Reserve is largely expected to cut rates at its December meeting, leaving investors watching for signs about what's next for the central bank. Prairie Operating Co. executive vice president of market strategy and TheBigSkinny.
U.S. economic activity was little changed in recent weeks, though employment was weaker in about half of the Federal Reserve's 12 districts and consumer spending declined, the U.S. central bank said on Wednesday,
Governor Christopher Waller discussed his meeting with Treasury Secretary Scott Bessent as speculation grows about his potential Fed chair appointment.
The odds of a December interest-rate cut have rebounded sharply. Traders are pricing in an 84.9% chance of a quarter-percentage-point cut Nov. 25 from less than 30 percent the previous week, according to the CME Group’s FedWatch tool.
The last piece of inflation data the Federal Reserve will see before its pivotal December meeting to debate another interest-rate cut showed just a mild increase in wholesale prices even before the government shutdown.
U.S. economic activity was little changed in recent weeks, though employment was weaker in about half of the Federal Reserve's 12 districts and consumer spending declined, the U.S. central bank said on Wednesday,
With the government shutdown extending into mid-November, policymakers have had to rely on qualitative indicators such as the Beige Book. But with the signal from such data harder to parse, divisions in the Federal Open Market Committee over the question of what to do in December are deepening.
Since the last Fed meeting, "most of the private sector and anecdotal data that we've gotten is that nothing has really changed. The labor market is soft. It's continuing to weaken," with inflation expected to ease, Waller said on Fox Business' Mornings with Maria.