The Federal Open Market Committee (FOMC) is encountering difficulties in reaching a consensus on interest rate decisions due to a lack of recent economic data. A government shutdown has interrupted the collection of key economic metrics, leaving FOMC members reliant on outdated information. This situation has led to a noticeable split among members, as revealed in the September Summary of Economic Projections, with some advocating for rate cuts for risk management while others oppose further adjustments. The absence of fresh data is creating uncertainty, potentially affecting market stability and delaying policy decisions.
FOMC Faces Consensus Challenges Amid Data Delays
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