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The U.S. government shutdown may lead the Fed to pause interest rate cuts in December.
According to Mars Finance, as reported by Jin10, Simon Ballard and Almaha Alnuwaimi from First Abu Dhabi Bank stated that the U.S. government shutdown and the interruption of official economic data releases have made the outlook more complex and uncertain, potentially leading the Fed to pause interest rate cuts in December. Analysts noted that the uncertainty brought about by the government shutdown may strengthen the Fed's reasons to “hit the pause button” in December.