Why investors may have to wait until 2026 for clarity

Why investors may have to wait until 2026 for clarity

Investors are heading into year-end with an unusually cloudy view of the US economy.

After the longest government shutdown in US history disrupted key data collection, delayed jobs and inflation reports are offering directional signals — but little conviction. Even as the Fed cuts rates to a three-year low, policymakers remain divided on what matters more: a softening labor market or stubborn inflation.

With incomplete data and methodological distortions clouding recent readings, confidence may not return until fresh, uninterrupted data arrives in the new year. Until then, markets — and the Fed — are largely in wait-and-see mode.

In moments like this, uncertainty itself becomes the signal.

Source: https://www.ft.com/content/5ee82ed0-6bed-470a-84cc-9dfb3e44f897