Hopes for a December rate cut are fading fast despite labor fears—Jerome Powell will have his work cut out attempting to unite the Fed

ANALYSIS: Despite data showing the labor market may have weakened during the government shutdown, Federal Open Market Committee (FOMC) members have struck a cautious tone in recent weeks. This is cooling expectations for a final rate cut in 2025, as the Fed balances sticky inflation and uncertainty with its need to maintain full employment. Markets have maintained some positive momentum on hopes the U.S. government shutdown will soon draw to a close. As the government shutdown has rumbled on, a dark clo ...