UBS: The timing of the Fed's meeting next month is "awkward" and does not rule out delaying the meeting for data.

Odaily News UBS pointed out that the Fed's meeting schedule for next month faces an “awkward” situation: its December FOMC meeting will be held before the release of two key employment reports, which are precisely the core data that determine whether to cut interest rates. This has prompted the market to begin discussing the possibility of whether the Fed will postpone the originally scheduled meeting on December 10 by a week in order to grasp the key employment data before making a decision. Looking back, adjustments to the meeting schedule are not without precedent; in 1971 and 1974, the Fed postponed meetings due to special circumstances. From a regulatory perspective, the Fed's legislation only requires the FOMC to hold at least four meetings a year and does not impose rigid requirements on date adjustments. UBS pointed out that historically, a single employment report has been enough to change the direction of monetary policy, and this time the Fed faces the risk of missing out on two reports. If the meeting is indeed postponed, it will increase policy uncertainty but may improve decision-making quality. (Jin10)