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'A very close call': Economists say long-awaited September jobs report complicates Fed rate cut path
This past week's release of the long-delayed September jobs report complicates the Federal Reserve's path forward when the central bank makes its next decision on interest rates in December, Wall Street economists said. "Hold or cut, there will likely be multiple dissents," Michael Feroli, chief US economist at JPMorgan, wrote in a research note on Thursday. "We see it as a very close call, closer even than September of last year. Whereas previously we looked for a cut next month, we are now inclined to see the Committee skip next month, but with cuts still coming in January and May before going on hold." ... (full story)
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