"Federal Reserve Messenger": Lack of Key Data at the Fed's October Meeting Prompted Members to Change Stance
"Fed Whisperer" Nick Timiraos said that the October FOMC meeting was somewhat different in the following aspects. The September dot plot showed divisions within the committee: most people tended to continue cutting interest rates as a risk management tool, but quite a few people believed that there was no need to cut rates. Normally, data can help reconcile this difference. However, because there is less high-level data available between FOMC meetings to improve the outlook, members have less reason to change their positions.
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