Cautious Remarks from Federal Reserve Officials Spark Uncertainty Over Rate Cut Expectations
ChainCatcher news, according to Golden Ten Data, the US dollar rose as cautious remarks from Federal Reserve officials heightened doubts about another rate cut in December. Federal Reserve officials Kashkari, Harker, and Musalem all made cautious comments regarding rate cuts.
The market is currently pricing in a 44% probability of another rate cut in December, up from 30% a week ago. The end of the record-breaking government shutdown will result in a large influx of official data, which could change interest rate expectations, but the timing and reliability of the data releases remain unclear.
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