Morning Bid: Fed cut now a coin toss

By Mike Dolan

-What matters in U.S. and global markets today

By Mike Dolan, Editor-At-Large, Finance and Markets

With the U.S. government now reopening after a six-week hiatus, market attention switches to the release of delayed economic data over the next week, as the bar for another Federal Reserve interest rate cut this year appears to be rising.

Fed futures pricing for a December rate cut is now little more than 50-50, with regional Fed officials on the central bank’s policy committee signaling a pause until the foggy data picture clears up. The September national payrolls report may hit as soon as next week, but there are doubts about whether October jobs and inflation numbers will ever be released due to data collection issues.

Boston Fed boss Susan Collins, a voter on the FOMC