Fed set to cut interest rates as government shutdown muddies data picture
Update: 2025-10-29
Description
On October 29th, the Federal Reserve is set to announce another interest rate cut, with a high likelihood of a December cut too. However, the government shutdown has caused a data drought, making it challenging for the Fed to make informed decisions. Powell is expected to keep his announcement vague, focusing on taking things one meeting at a time. The decision for December will heavily rely on new data. Additionally, there's speculation about the Fed halting its bond portfolio shrinkage to avoid cash crunches. The official rate news and Powell's Q&A are scheduled for 2 PM and 2:30 PM respectively, leaving markets and savers in suspense until then.
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