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Fed officials' cautious remarks have raised uncertainty about interest rate cut expectations, and the dollar has risen.

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On November 14, the dollar rose after comments from Fed officials intensified concerns about another rate cut in December. Fed officials Kashkari, Harker, and Musalem expressed caution regarding rate cuts. Previously, Fed Chair Powell stated at the October meeting that another rate cut in December was not a foregone conclusion. LSEG data shows that the market is currently pricing in a 44% chance of a rate cut in December, up from 30% a week ago, as decision-makers sounded cautious about inflation. The end of a record government shutdown will lead to a flood of delayed official data, which could change interest rate expectations. However, the timing and reliability of the data release remain unclear. ( Jin10 )

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