[The Federal Reserve May Cut Interest Rates by 25 Basis Points Amid Data Shortage]
On October 29, the Federal Reserve is expected to lower the key interest rate by 25 basis points due to the unavailability of official data caused by a government shutdown. Mabrouk Chetouane, Global Market Strategy Head at Natixis IM Solutions, stated that Federal Reserve Chair Jerome Powell needs to weigh the impact of monetary policy on the economic cycle in a multi-shock environment, but the available economic data is limited.