EY: Data-dependent Fed policymakers lean toward another 50 basis point rate cut

The Fed is likely to encounter more complications in its upcoming October jobs report ahead of its Nov. 6-7 meeting, said Lydia Boussour, senior economist at Ernst & Young. “Any significant weakening of wage growth and a sharp rise in the unemployment rate All could tip data-reliant Fed policymakers toward another 50-basis-point cut," but Neil Dutta, director of economic research at Renaissance Macro Research, expects complications from strikes and hurricane damage. , there will be two substantial interest rate cuts of 50 basis points in November and December. (Golden Ten)