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