The cautious remarks from Federal Reserve officials have sparked uncertainty over interest rate cut expectations

According to Jin Ten, as cautious remarks from Federal Reserve officials intensified doubts about another rate cut in December, the dollar rose. Federal Reserve officials Kashkari, Harker, and Musalem all made cautious comments regarding rate cuts. The market is currently pricing in a 44% probability of another rate cut in December, up from 30% a week ago. The end of the record government shutdown will lead to a flood of official data, which may change interest rate expectations, but the timing and reliability of the data release remain unclear.