The Federal Reserve is expected to cut interest rates by 25 basis points amid data gaps.
According to ChainCatcher, citing Golden Ten Data, the Federal Reserve is expected to lower its key interest rate by 25 basis points in the event of a government shutdown and the unavailability of official data. Mabrouk Chetouane, Global Market Strategy Director at Natixis IM Solutions, stated in a report that Federal Reserve Chairman Powell must carefully manage the impact of monetary policy on the economic cycle amid multiple shocks, but only some of his "navigation instruments" are still functioning.
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