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Disagreements over the Fed's interest rate cut path have intensified, and the meeting minutes may clarify the direction.
According to ChainCatcher news, as reported by Jin10, data fog has exacerbated the uncertainty of Fed policies, with many Fed officials expressing concerns about sticky inflation and taking a cautious stance on further interest rate cuts. U.S. Treasury yields have remained within a relatively narrow range, with traders awaiting new catalysts to change market pricing. Michael Lorizio, head of U.S. interest rate and mortgage trading at Manulife Investment Management, stated that the upcoming release of the Fed's October meeting minutes may further reveal how many policymakers might oppose an interest rate cut in December.