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Dow Jones Retreats Amid Economic Data Void as Rate Cut Odds Diminish
Dow Jones Retreats Amid Economic Data Void as Rate Cut Odds Diminish
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BTCCSquare news:
The Dow Jones Industrial Average pulled back from record highs as investors grappled with an unprecedented blackout of economic indicators. Critical October reports—including the Consumer Price Index and jobless claims—remain in limbo following the longest government shutdown in U.S. history. WHITE House officials confirmed September jobs data may surface next week, but October's report will lack unemployment figures due to suspended household surveys.
Market sentiment soured further as December rate cut probabilities faded. The Federal Open Market Committee's potential 25 basis point reduction now appears increasingly unlikely, leaving traders to navigate uncharted waters without traditional macroeconomic compass points.
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