Analyst: Data Gaps May Hinder the Federal Reserve's December Rate Cut Path

Jinse Finance reported that Inflation Insights analyst Omair Sharif believes a U.S. government shutdown and the resulting lack of official economic data could hinder the Federal Reserve's plan for a third consecutive rate cut in December. If there is no official data reflecting economic activity in October and November when the meeting is held on December 10, officials may not feel confident enough to cut rates again. It may be difficult for them to reach a consensus on another rate cut, especially considering the internal divisions within the FOMC shown in the September dot plot.