Will the Fed Cut Rates Again in October? Markets Are Certain, but the Data Doesn’t Exist Yet.
1. Investors expect a 95% chance of a rate cut in October. 2. Government shutdown delays key economic data, including jobs report. 3. Labor market shows signs of weakness, inflation remains above target. 4. Policymakers caution against market expectations for further rate cuts. 5. Economic uncertainty may lead to surprise decisions from the Fed.