The US government shutdown has cast uncertainty over the Federal Reserve’s decision on interest rates, as key economic data was delayed. Despite ongoing debate on whether a rate cut will be made in December, Richmond FED President Thomas Barkin provided his perspective during an event in Virginia. Reuters reports that Barkin stated that a rate cut in December is not guaranteed and no definitive decision has been made yet. He noted that inflation remains above the Fed’s target but is expected to stabilize, while unemployment is projected to rise but at a moderate pace. He emphasized that upcoming data will be crucial for making a more informed decision. Notably, Barkin explained that achieving consensus among policymakers requires access to persuasive data, highlighting the difficulties in reaching a decisive stance without clear evidence.