"Fed Whispering Tube": Lack of key data in October Fed meeting prompts members to change their stance

"Federal Reserve Whisperer" Nick Timiraos: The October FOMC meeting had some differences compared to September: the dot plot from September showed division within the committee, with most leaning towards continuing rate cuts as a risk management measure, but a significant portion believing rate cuts were not necessary. Typically, data can help bridge this divide. However, with fewer high-level data points between FOMC meetings to refine the outlook, members had less reason to change their positions.