#usoctobernfp-areratecutsstillpossible Interest rate cuts are still possible. The upcoming US October nonfarm payrolls report is expected to show modest job growth around 60,000, while the unemployment rate remains near 4.2%.
If hiring slows down significantly or unemployment rises, it could push the Federal Reserve to cut interest rates at its December meeting to support the labor market. However, sticky inflation and steady wage growth may force the Fed to pause cuts instead. Traders are watching this report closely.
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If hiring slows down significantly or unemployment rises, it could push the Federal Reserve to cut interest rates at its December meeting to support the labor market. However, sticky inflation and steady wage growth may force the Fed to pause cuts instead. Traders are watching this report closely.
$BTC $ETH $BNB
