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Rate Cut Ahead? Not With This Noisy Data, Investors Say
“Today’s low inflation reading won’t move the needle for the Fed given how noisy the data is,” Kay Haigh of Goldman Sachs Asset Management said.
Haigh said the cancellation of the October inflation report and other complications of the government shutdown have damaged the quality of today’s reading. The more important report will come in mid-January, he said, just two weeks ahead of the Fed’s next meeting.
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