The agency reassessed the Federal Reserve's December interest rate cut forecast, but the financial system remained unchanged

Federated Hermes chief investment Deborah Cunningham said in the report that the agency will reassess its forecast for a 25 basis point Fed rate cut in December and expects government data to resume soon. She added that while the longer it drags on, the more the market will rely on limited outdated data, the financial system itself has not changed. The US fiscal function has not been affected, new debt is still being auctioned, there are no restrictions on transactions with the Fed, and the liquidity market is functioning smoothly. (Golden Ten)