Cut or pause? 2 critical reports will determine what Fed does in November.

Published On Oct 28, 2024, 5:00 AM

The upcoming week will be crucial for determining the Federal Reserve's actions in November regarding potential interest rate cuts. Key reports on inflation and the labor market could influence their decision. Current expectations lean towards a 25 basis point cut, with over 90% of traders anticipating this outcome. The reports include inflation data from the PCE index and a labor report, which is uncertain due to factors like recent hurricanes and ongoing strikes. The Fed aims for gradual rate cuts while monitoring economic indicators closely.