BlockBeats news, on October 3, the Federal Reserve may encounter more complications in the October employment report released before the November 6-7 meeting. Lydia Boussour, senior economist at Ernst & Young, said, “Any significant Weaker wage growth and a sharp rise in unemployment could tip data-dependent Fed policymakers toward another 50-basis-point rate cut.”
Neil Dutta, director of economic research at Renaissance Macro Research, predicts two sharp 50 basis point rate cuts in November and December due to complications from strikes and hurricane damage. (Golden Ten)
