On Wednesday, the Federal Reserve announced <a href="https://www.wsj.com/economy/central-banking/fed-cuts-interest-rates-federal-reserve-by-another-quarter-point-but-data-blackout-obscures-the-path-ahead-0268bdf6">a highly anticipated quarter-point cut to interest rates</a>. But the road to future rate cuts is pretty murky. WSJ’s <a href="https://www.wsj.com/news/author/nick-timiraos?gaa_at=eafs&gaa_n=AWEtsqczpb29pSHAHKxIgXUpkXgfEfq92yP5iKastLowTD_DEpXfMZe4mrhfl3nboEo%3D&gaa_ts=6903a176&gaa_sig=fWaJDZhSuAxHzrbyYncbiJ-6zj-THVLQwjsQYiycNuowyD7CJVUEhWSRXAO4nHMCegGCIKMXHsICBoXF1H2Hig%3D%3D?mod=WSJ_TJPOD">Nick Timiraos</a> explains how missing government data is obscuring the Fed’s view of the economy, and why Fed Chair Jerome Powell says a December rate cut is “<a href="https://www.wsj.com/economy/central-banking/fed-divisions-reveal-new-caution-over-continued-cuts-4cf868af?mod=author_content_page_1_pos_1">not a foregone conclusion</a>.” <a href="https://www.wsj.com/news/author/ryan-knutson?mod=WSJ_TJPOD">Ryan Knutson</a> hosts.

Further Listening: 
- <a href="https://open.spotify.com/episode/5r4C6VB95VQPyR6VHeCFpJ?si=c0eecf731e584002">The Government Shutdown: Who Will Blink First?</a>
- <a href="https://open.spotify.com/episode/60V8LwJAAvAF5Jzo9ry5nU?si=5c3f4fdf979849b0">The Drama at the Fed as It Debates Cutting Rates</a> 

Sign up for WSJ’s free <a href="https://www.wsj.com/newsletters/whats-news?mod=WSJ_TJPOD">What’s News newsletter</a>. 
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