Is the Economy Getting Better or Worse? The Fed Says It's Hard to Tell

Nick Timiraos, Chief Economics Correspondent at The Wall Street Journal, dives into the complexities of the Fed's economic outlook. He discusses how the recent interest rate cut obscures the Fed's visibility due to missing government data. Timiraos highlights the ongoing tension between inflation and the weakening labor market, stressing that December's rate cut is uncertain. He also points out the challenges posed by the government shutdown and mixed economic signals like strong consumer spending amidst slowing job growth.