[Federated Hermes Adjusts Prediction of Fed's December Rate Cut, Financial System Remains Stable] Federated Hermes Chief Investment Officer Deborah Cunningham stated that the institution is reassessing its previous prediction of a 25 basis point rate cut by the Federal Reserve in December and expects government data releases to resume soon. She noted that although delays in data releases may lead the market to rely more on limited and outdated information, the fundamentals of the financial system have not changed. U.S. fiscal functions remain unaffected, new bonds are still being auctioned as usual, transactions with the Federal Reserve are unrestricted, and liquidity markets continue to operate smoothly.