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

Odaily Odaily News: The Federal Reserve may encounter more complications in the October employment report to be released before the upcoming meeting on November 6-7. Lydia Boussour, senior economist at Ernst & Young, said, "Any significant weakening of wage growth and a sharp rise in unemployment may make data-dependent Federal Reserve policymakers inclined to cut interest rates by another 50 basis points." But Neil Dutta, director of economic research at Renaissance Macro Research, expects that there will be two large 50 basis point interest rate cuts in November and December due to the complications brought about by strikes and hurricane damage. (Jinshi)