
Markets price a 69% chance of government shutdown disrupting fiscal support and delaying crucial NFP data. With the Fed caught between persistent 2.8% core inflation and a labor market sending conflicting signals, could a shutdown force Powell's hand?
Sam Cutler warns that the Fed may be entering “uncharted waters.” He argues that without reliable NFP data, policymakers risk either overreacting to noise or moving too cautiously while inflation pressure lingers.
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