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Analysis: US Government Shutdown Causing Uncertainty, Fed May Pause Rate Cuts in December
BlockBeats News, November 6th, Simon Ballard and Almahdi Alnuaimi from First Abu Dhabi Bank stated that the U.S. government shutdown and the interruption of official economic data releases have made the outlook more complex and uncertain, potentially leading to the Fed pausing its rate cuts next month. The two analysts pointed out that the uncertainty caused by the government shutdown may strengthen the Fed's reason to "hit the pause button" in December, regardless of how strong the dissenting views presented by Governor Mester are. Fed Chair Jerome Powell also hinted after last week's 25 basis point rate cut that a rate cut in December is "not a done deal." (FX678)
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