PANews news on October 3, according to the Golden Ten report, the Federal Reserve may encounter more complications in the October employment report released before the November 6-7 meeting. Ernst & Young senior economist Lydia Boussour said, " Any significant weakening in wage growth and a sharp rise in unemployment could tip data-reliant Fed policymakers toward another 50 basis points cut," said Neil Dutta, director of economic research at Renaissance Macro Research. Two sharp 50 basis point rate cuts are expected in November and December due to complications from strikes and hurricane damage.
