The President of the Chicago Federal Reserve stated that the labor market remains robust and there may be "considerable" room for interest rate cuts

Chicago Federal Reserve Bank President Goolsbee stated that the U.S. labor market remains robust and economic growth momentum is good. He mentioned that if inflation falls back to the 2% target, there is significant room for interest rate cuts. There are internal disagreements within the Federal Reserve regarding the extent of rate cuts, with some officials concerned about a weakening labor market. Meanwhile, U.S. mortgage rates have been rising continuously, and homebuyers are taking a wait-and-see approach to high borrowing costs. Analysts believe that a government shutdown could affect the release of economic data, thereby impacting Federal Reserve decisions