Analyst: Missing U.S. economic data may affect the Federal Reserve's rate cut plans

According to Jin Ten, the U.S. government shutdown has ended, but the aftermath is showing for investors, as the lack of economic data may delay the Federal Reserve's rate cut plans. The Nasdaq index, after recording its largest weekly drop since April, faced the most severe sell-off in a month, down about 5% from its October peak. Federal Reserve Chairman Powell stated that policymakers may "slow down" their response measures. Bob Savage from BNY Mellon noted that both the Federal Reserve and the market are "acting blindly," and pointed out that the "dot plot" may receive more attention than interest rate decisions.