According to Odaily, Morgan Stanley Wealth Management Chief Investment Officer Lisa Shalett stated that the Federal Reserve is currently focusing on the 'mixed' labor market. The Fed is expected to continue cutting interest rates in November, but policymakers are proceeding cautiously as inflation is no longer cooling rapidly. Most Fed policymakers signaled last week that further rate cuts are likely in the coming months. However, Atlanta Fed President Raphael Bostic mentioned that a rate cut might be skipped in November. Traders currently estimate an 89% probability that the Fed will cut rates by 25 basis points at its policy meeting on November 6-7, abandoning earlier expectations of a 50 basis point cut following strong September employment data and other optimistic economic indicators.