Divergence over the Fed's rate cut path intensifies, meeting minutes may clarify direction
According to ChainCatcher, citing a report from Golden Ten Data, data uncertainty has intensified the unpredictability of Federal Reserve policy. Many Federal Reserve officials have expressed concerns about sticky inflation and remain cautious about further interest rate cuts. U.S. Treasury yields are staying within a relatively narrow range as traders await new catalysts to shift market pricing. Michael Lorizio, Head of U.S. Rates and Mortgage Trading at Manulife Investment Management, stated that the upcoming minutes from the Federal Reserve's October meeting may further reveal how many policymakers might oppose a rate cut in December.
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