As the government shutdown has rumbled on, a dark cloud is looming increasingly large over the economy. The labor market (at least according to available data sets) shows signs of weakening, presenting a conundrum for members of the Federal Open Market Committee (FOMC).
Hopes for a December rate cut are fading fast despite labor fears—Jerome Powell will have his work cut out attempting to unite the Fed | Fortune
Weaker labor market data should be building the case for Powell to post a cut—and yet expectations are leaning toward the hawkish.
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