USA September Payroll Report Boosts Likelihood of Quarter-Point Rate Cut in November

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USA September Payroll Report Boosts Likelihood of Quarter-Point Rate Cut in November The stronger-than-expected U.S.payroll report for September has increased the likelihood that the Federal Reserve will opt for a quarter-point rate cut during its November meeting, according to Nick Timiraos, the chief economics correspondent for The Wall Street Journal (WSJ).

Following last month’s half-point reduction, the Fed appears to be adopting a more gradual strategy as it responds to evolving economic conditions.

However, with recent revisions indicating stronger-than-expected hiring in July and August, the Fed may now opt for caution, avoiding overly aggressive moves that could risk overstimulating the economy.

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Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: USA Crypto News

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 16:17:03 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 398 words

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