PANews reported on November 19th that, according to Jinshi, the data fog has exacerbated uncertainty surrounding Federal Reserve policy, as many Fed officials expressed concern about sticky inflation and remained cautious about further rate cuts. This has also kept US Treasury yields within a relatively narrow range, as traders await new catalysts to change market pricing. "We've lacked guidance from top-tier economic data for far too long, and it's difficult to form a highly confident judgment about the current state of the US economy until we start seeing the data," said Michael Lorizio, head of US interest rates and mortgage trading at Manulife Investment Management. The upcoming release of the Fed's October meeting minutes may further reveal how many policymakers might oppose a rate cut in December. "When there seemed to be a lot of disagreement before, today's summary information from the meeting minutes could help further shape market expectations for the December meeting," Lorizio said.