Fed Minutes Reveal Potential Rate Cut Trajectory Amid Shutdown Uncertainty

The Federal Reserve’s upcoming minutes offer crucial insights into the potential for interest rate cuts, amid heightened uncertainty caused by the ongoing U.S. government shutdown. Key figures like Jerome Powell and Stephen Miran have provided guidance on rate movements. While the September meeting saw a 25bps increase, Fed Governor Stephen Miran advocated for a deeper cut, suggesting the possibility of a larger move in future meetings.