Data Blackout Pushes Fed Toward Quarter-Point Cut

The Federal Reserve is preparing for its next policy meeting with less clarity than usual. The government shutdown has paused the release of key data, leaving officials to decide whether to cut interest rates again with only a partial view of the U.S. economy. Most expect the central bank to take the cautious route: a quarter-percentage-point rate cut meant to preserve flexibility until the numbers return.

The Fed also cut rates at its September meeting by a quarter of a percentage point, citing a weakening labor market. Many officials have...

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