Federal Reserve Chairman Powell: Government shutdown could affect December meeting

Odaily Planet Daily reports that Federal Reserve Chairman Jerome Powell stated that a government shutdown could arguably influence the December meeting. In the absence of data, greater caution may be necessary. The lack of economic data could provide a reason to pause interest rate adjustments. According to CME FedWatch, the probability of a Fed rate cut in December is 55.9%, down from 66.9% a day earlier. (Jinshi)