Fed Mouthpiece: Influenced By Strong Employment Data, the Fed May Rule Out Another 50 Basis Point...

BlockBeats reported that on October 5, Nick Timiraos, a reporter for the Wall Street Journal known as the "Federal Reserve's mouthpiece," said that the September employment report could close the door for the Fed to cut interest rates by another 50 basis points next month and keep officials on track to cut interest rates by 25 basis points.

BlockBeats previously reported that data released yesterday showed that the U.S. seasonally adjusted non-farm payrolls in September were 254,000, with an expected 140,000, and the previous value was revised from 142,000 to 159,000. This is the largest increase since March 2024.