Ernst & Young: Data-dependent Federal Reserve policymakers are inclined to cut interest rates by another 50 basis points

ChainCatcher news, according to Jinshi reports, the Federal Reserve may encounter more complexities in the October employment report to be released before the upcoming meeting on November 6-7. EY senior economist Lydia Boussour stated, "Any significant wage growth slowdown and a sharp rise in the unemployment rate could lead data-dependent Federal Reserve policymakers to lean towards another 50 basis point rate cut." However, Neil Dutta, head of economic research at Renaissance Macro Research, expects two significant 50 basis point cuts in November and December due to the complexities brought about by strikes and hurricane damage.