Fed Divisions and AI Debt Risks Shape Rate Outlook

Sree Kochugovind said recent UK data has surprised to the upside, showing resilience against a challenging global backdrop. However, labor-market figures point to near-flat conditions over the next quarter and early next year, while global risks could weigh on growth. He expects the October 28 budget to offer little substantive change, given limited room for action, and said its communication will matter.