On the eve of the Federal Reserve's December meeting, BMO capital market strategist Ian Lyngen pointed out that a wave of “reissued” economic data will be released centrally in the next few weeks, which will have a significant impact on policy prospects. Therefore, Federal Reserve Chairman Powell is likely to deliberately remain vague after the meeting to avoid making any clear promises about interest rate decisions in January next year. Lyngen stressed that during the seven-week interval between the December and January FOMC meetings, the US Bureau of Labor Statistics will continuously release non-farm payrolls reports for October, November, and December, as well as CPI data for November and December. “There is no doubt that the cumulative effect of this information is enough to redefine the market's understanding of the real performance of the economy after the government shut down.”

On the eve of the Federal Reserve's December meeting, BMO capital market strategist Ian Lyngen pointed out that a wave of “reissued” economic data will be released centrally in the next few weeks, which will have a significant impact on policy prospects. Therefore, Federal Reserve Chairman Powell is likely to deliberately remain vague after the meeting to avoid making any clear promises about interest rate decisions in January next year. Lyngen stressed that during the seven-week interval between the December and January FOMC meetings, the US Bureau of Labor Statistics will continuously release non-farm payrolls reports for October, November, and December, as well as CPI data for November and December. “There is no doubt that the cumulative effect of this information is enough to redefine the market's understanding of the real performance of the economy after the government shut down.”