Breaking 😱
Federal Reserve Chair Powell Weighs Government Shutdown Impact Ahead of December Meeting 🏛️
According to reports, Jerome Powell noted that a potential U.S. government shutdown could play a major role in shaping the Federal Reserve’s December policy decisions.
With limited access to fresh economic data during a shutdown, the Fed may adopt a more cautious stance toward interest rate adjustments.
Current market data shows a shift in sentiment — the probability of a December rate cut has dropped from 66.9% to 55.9%. 📉
This reflects growing uncertainty as policymakers navigate the balance between inflation control and economic stability. 💭
