Federal Reserve Chair Jerome Powell is expected to push through another quarter-point interest-rate cut, despite concerns among policymakers about high inflation. The lack of recent economic data due to a government shutdown has exacerbated the growing division within the Fed. Investors doubted another cut until New York Fed President John Williams signaled support. Economists expect the Fed to take a break before two more reductions in 2026. Meanwhile, the Bank of Canada is expected to keep its rate steady at 2.25% as long as economic and inflation forecasts materialize.

In Asia, Japan may revise third-quarter GDP to show a deeper contraction, while China’s inflation is expected to tick up in November. India may show a pickup in inflation, and Australia releases business confidence and labor statistics. In Europe, the Swiss National Bank will decide on its rate, while the UK and Italy will reveal monthly growth and industrial production numbers. Latin America will see Mexico’s inflation data and Brazil’s market readout, while Argentina and Peru will address inflation rates.

Read more at Yahoo Finance: Powell on Track for Fed Rate Cut Despite Some Dissent