December Rate Cut in Doubt as Fed Fault Lines Deepen, Minutes Show

The Labor Department announced that it would not release complete jobs data for October due to the impacts of the government shutdown. This decision leaves Federal Reserve officials with an incomplete understanding of the labor market as they prepare for their upcoming meeting. The September jobs report is expected to be released on Thursday.

The Labor Department announced that due to the recent government shutdown, some survey data is permanently unavailable. This situation complicates the Federal Reserve's decision-making regarding interest rates, as incomplete data may hinder their ability to assess economic conditions effectively. The absence of crucial information raises concerns about the central bank's upcoming policy decisions.

The Federal Reserve's recent meeting revealed significant divisions among officials regarding potential interest rate cuts next month. The discussions highlighted contrasting views on the economic outlook and the appropriate monetary policy response.

The dollar experienced its strongest performance since late September as traders increased their bets that the Federal Reserve will maintain interest rates. This rise reflects growing confidence among investors regarding the Fed's monetary policy direction amid ongoing economic uncertainties.

Federal Reserve Governor Stephen Miran advocates for a revision of Wall Street regulations prior to addressing other economic issues related to the central bank's balance sheet. His remarks were made during a speech at the Bank Policy Institute in Washington.

The stock market is retreating as concerns rise regarding the Federal Reserve's dual mandate, the overvaluation of the S&P 500, and an exaggerated AI hype. Recent data indicates a slowdown in the jobs market, which could further impact investor sentiment and expectations.

Wells Fargo reports that the Federal Reserve's decision on interest rates for December is a 'close call.' The Fed is facing internal divisions as it considers economic indicators and the need to stimulate growth. This decision is critical for investors and the broader economy as it impacts borrowing costs and financial markets.

Gold steadied after earlier gains as the dollar moved higher, with traders boosting wagers that the Federal Reserve will keep interest rates steady next month.