The FED is divided internally on whether to cut interest rates in December

🖤 Nick Timiraos, a member of the FED, stated that FED officials are fiercely debating whether to lower interest rates.

🖤 One side is concerned about high inflation, while the other fears the job market is weakening.

👉 This is a rare level of disagreement during nearly 8 years of Powell's chairmanship.

Investors still expect the FED to cut interest rates, but the December plan is now uncertain due to the impact of the U.S. government shutdown.

The FED is blind to data, making everything tense.