Fed Chair Powell Suggests Slowing Rate Cuts Amid Data Shortage

According to BlockBeats, Federal Reserve Chair Jerome Powell indicated that without new information and if economic conditions remain unchanged, there would be justification to slow the pace of interest rate cuts. He expressed hope for more comprehensive data by December. The lack of data during the government shutdown may suggest a need to decelerate policy adjustments. It remains uncertain how long the debate over slowing rate cuts in December will continue.