Economic Data Blackout: Fed's Rate Cut Dilemma

The government shutdown has ended, but economic data recovery is slow. Septembers jobs report showed mixed results: 119,000 new positions added, yet unemployment rose to 4.4%. This confusing data has led to a debate on whether to focus on hiring or unemployment, further complicated by the delay in Octobers Consumer Price Index report and Novembers report now due in December. Investors are betting on a December rate cut, with over 70% chance, as policymakers grapple with a struggling labor market and persistent inflation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.