Fed's Interest Rate Decision: Less Data, Big Impact

The Federal Reserves policy committee is set to meet, with expectations of a rate cut to stabilize the job market. However, the government shutdown delayed crucial reports, leaving the Fed to rely on less reliable private data. Recent signs point to a slowing job market, with high job cuts and low hiring announcements. The Fed also faces inflation challenges, with tariffs, business uncertainty, immigration policies, and AI adoption slowing job growth. The upcoming meeting will be closely watched, as the Fed navigates these choices with less complete data.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.