UBS: The "awkward" time of the Federal Reserve's meeting next month does not rule out postponing the meeting for data

UBS pointed out that the Federal Reserve's meeting schedule next month faces the previous "awkward" situation: its December FOMC meeting will be held before the release of two key employment reports, which are the core data for deciding whether to cut interest rates. This has prompted the market to start discussing the possibility that the Fed will postpone the original meeting on December 10 by a week, so that it can grasp the key employment data before making a decision. Looking back, it is not impossible to adjust the meeting time. In 1971 and 1974, the Federal Reserve postponed the meeting due to special circumstances. From the perspective of rules, the Federal Reserve Act only requires the FOMC to meet at least four times a year, and there is no rigid provision for date adjustment. UBS pointed out that a single employment report has been sufficient to change the direction of monetary policy in the past, and this time the Federal Reserve is at risk of losing two reports. A delay in the meeting would increase policy uncertainty but could improve the quality of decision-making.