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Fed Meeting Preview: Fed to Cut Rates with Limited Information
BlockBeats News, October 29th, the Federal Reserve is expected to cut key interest rates by 25 basis points in a situation where the government is shut down and official data is unavailable. Mabrouk Chetouane, Global Head of Market Strategy at Natixis IM Solutions, stated in a report that Fed Chairman Powell must now navigate the impact of monetary policy on the economic cycle in a multi-shock environment, but only part of his "navigation equipment" is still operational. (FX678)
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