Analysts: Missing data could impede the Federal Reserve's December rate cut path

Omair Sharif, an analyst at Inflation Insights, believes that the US government shutdown and the lack of relevant official economic data could hamper the Federal Reserve's plan to cut interest rates for the third consecutive month in December. Would officials feel comfortable cutting rates again if there were no official data reflecting economic activity in October and November when they meet on December 10? They may struggle to reach a consensus on another rate cut, especially given the divisions within the FOMC as shown by the September dot plot.