[Analysis: The Fed may be forced to cut rates again after an initial 0.5 percentage point cut] Golden Finance reported that Federal Reserve Chairman Powell has made it clear that the Fed is in no hurry to lower interest rates and prefers to cut them slightly, but this patience will be tested this fall in the face of a series of closely watched employment reports that will be released starting this Friday. If there are any new signs of deterioration in the job market, the Fed may be forced to cut rates again after an initial 0.5 percentage point cut, even if policymakers expect to cut interest rates by 25 basis points in November and December. The latest job market data to be released on Friday is expected to reinforce the trend of mild cooling, with economists predicting that 146,000 jobs were created last month and the unemployment rate remained unchanged at 4.2%. Such a report is roughly in line with the 142,000 jobs created in August. (Golden Ten)
