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

According to Jinshi reports, as cautious remarks from Federal Reserve officials intensified doubts about another rate cut in December, the dollar rose. Federal Reserve officials Kashkari, Harker, and Mester 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 could change interest rate expectations, but the timing and reliability of the data release remain unclear.