The monetary policy decision on December 10 appears unusually finely balanced. Much will depend on incoming jobs data.

The monetary policy decision on December 10 appears unusually finely balanced. Much will depend on incoming jobs data.

While the Federal Open Market Committee approved a cut at the meeting, the path forward looks less creation.

Incrementally hawkish minutes from the Fed's October meeting signaled that a December interest rate cut is not as likely as markets previously forecast.

Market odds of a cut remained weak following the release of the September jobs data, the first nonfarm payrolls report investors are seeing since the government shutdown.