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Fed Dilemma Deepens as ‘Stale’ Jobs Data Clouds the Path Forward
Divergent interpretations of September’s weak jobs numbers are clouding the Fed’s rate-cut trajectory.
Mixed September employment data has exposed a split within the Fed, according to traders. Some officials view the data as stale, arguing it muddies the near-term rate-cut outlook.
While markets had priced in a third Fed cut for 2025, this ambiguous labour report is forcing investors to reassess their expectations and recalibrate positions ahead of the December policy meeting.