The Indian rupee is expected to hold in a narrow range on Wednesday, with likely central bank support countering importer dollar demand and a softer Asia backdrop, ahead of a near-certain U.S. Federal Reserve rate cut.

While some regional Fed banks have hard data, many of those figures come from agencies that are closed during the shutdown.

The process is like a ferry slowing down so it can more easily gauge when to stop at the dock, Dallas Fed President Lorie Logan said.

An extended government shutdown has left the Federal Reserve in the dark over how far and fast to cut rates. WSJ’s Nick Timiraos explains the three things to watch during the central bank’s upcoming interest rate decision.

The Federal Reserve is poised to cut interest rates again this week, but the environment surrounding that decision is unusually fraught for the central bank.

The central bank is poised to lower interest rates again on Wednesday despite having only a partial view of how the economy is faring.

The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring. A cut Wednesday would be the second this year and could benefit consumers by bringing down borrowing costs for mortgages and auto loans.