"Fed's Mouthpiece": The lack of key data at the Fed's October meeting prompts members to change their stance.

[“Fed spokesperson”: The lack of key data in the Fed's October meeting prompts members to change their stance] “Fed spokesperson” Nick Timiraos stated that the FOMC meeting in October is somewhat different in the following aspects. The dot plot from September showed a divergence within the committee: most members tend to continue lowering interest rates as a means of risk management, but a considerable number also believe there is no need for a rate cut. Typically, data can help reconcile this divergence. However, due to the lack of high-level data used to refine the outlook between FOMC meetings, members have less reason to change their stance. (Jin10)