Analyst: Regardless of non-farm and PCE data, the Fed may cut interest rates by 25 basis points in November

Odaily Odaily Wil Stith, bond portfolio manager at Wilmington Trust, said that if inflation data released on Thursday is stronger than expected and non-farm data on Friday is hotter than expected, "I think they can discuss pausing rate cuts because they have already cut by 50 basis points." Jeffrey Roach, chief economist at LPL Financial, also believes that strong job growth may convince the Fed to pause rate cuts in November. But other people watching the Fed said that the upcoming data on Thursday and Friday are unlikely to change the Fed's rate cut path. Jamie Cox, managing partner of Harris Financial Group, said: "No matter what the data says, the Fed is already on the path of a 25 basis point rate cut in November, and the central bank is unlikely to change this trajectory." Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management, said, "There is no reason to think that the Fed will not cut interest rates by another 25 basis points in November," unless there is a major surprise in the employment report. At present, many traders agree with this assessment. As of last Friday, investors expect the probability of a 25 basis point rate cut by the Federal Reserve at its November meeting to be more than 90%. (Golden Ten)