Fed faces hefty data, political calendar before next policy meeting
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Federal Reserve officials will meet in nine days to decide on interest rates amid significant economic data and a U.S. presidential election; the Fed's last rate cut on September 18 reduced the policy rate to 4.75%-5.00%; strong consumer spending and job creation have been reported since then; unemployment is at 4.1% and inflation is closer to the 2% target; Fed officials, including San Francisco Fed President Mary Daly, support further rate cuts; upcoming data includes inflation readings and the October jobs report, which may show job growth slowing due to external factors; the election on November 5 could influence Fed decisions, particularly if Donald Trump wins; analysts expect a quarter-percentage-point cut next month; projections indicate a need for at least one full percentage point of cuts before reaching a neutral policy level.

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https://gazette.com/news/us-world/fed-faces-hefty-data-political-calendar-before-next-policy-meeting/article_373003b6-8753-58af-938f-2e015efe8b95.html 

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