FOMC’s Hawkish Stance

Cooper Howard from Charles Schwab summarized the Federal Open Market Committee’s (FOMC) recent hawkish interest rate decisions, emphasizing the importance of clear economic visibility for the Fed.

Impact of Government Shutdown

Howard pointed out that the ongoing government shutdown is creating a data vacuum, which he identifies as a major uncertainty for Fed governors.

Importance of Upcoming Data

With limited data availability, Howard stressed that any information released during this period will be crucial for the Fed’s decision-making process.