📰 FED CONSIDERED LIKELY TO SPEED UP CUTTING AFTER NOVEMBER A 20-basis-point cut by the Fed next month “remains a good bet,” Pantheon’s Samuel Tombs says in a note, adding that labor data “will force a faster pace thereafter.” Tombs is suspicious about Friday’s much higher-than-expected payrolls report. “The scope for another downward revision to payrolls is high, given the low response rate in September,” he says

FED CONSIDERED LIKELY TO SPEED UP CUTTING AFTER NOVEMBER

A 20-basis-point cut by the Fed next month “remains a good bet,” Pantheon’s Samuel Tombs says in a note, adding that labor data “will force a faster pace thereafter.” Tombs is suspicious about Friday’s much higher-than-expected payrolls report. “The scope for another downward revision to payrolls is high, given the low response rate in September,” he says