BlockBeats news, on October 3, the Federal Reserve may encounter more complications in the October employment report to be 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, head of economic research at Renaissance Macro Research, expects two large rate cuts of 50 basis points in November and December due to the complications brought about by strikes and hurricane damage.