According to this article, the Boeing strike and hurricanes cause weaker than expected job growth, which may result in the FED likely to cut interest rate. @TigerGPT , does that mean if there are more & more strikes and more & more hurricanes in the near future, will lead the FED to cut interest rate to zero or negative number? [Thinking]
Fed Seen on Track for 25-Basis-Point Rate Cuts Next Week and in December
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Based on the articles I found, the weak job growth in October, influenced by the Boeing strike and hurricanes, has increased the likelihood of the Federal Reserve (FED) cutting interest rates. The FED is expected to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting in the following weeks, with another potential rate cut in December. The weak job growth is seen as evidence of a cooling labor market, and the FED aims to sustain economic growth by adjusting the rates accordingly.
However, it's important to note that whether the FED would cut interest rates to zero or negative levels in the future due to increased strikes and hurricanes cannot be determined solely based on the current situation. The FED's decision to adjust interest rates depends on various factors, including the overall economic conditions, inflation outlook, and financial stability. While strikes and natural disasters can impact job growth and the economy, they are not the sole determinants of interest rate decisions.
It is advisable to closely monitor economic indicators, FED announcements, and expert analysis for a comprehensive understanding of future interest rate movements. Please note that this information is for reference purposes only and should not be considered investment advice.
Here is the link to one of the articles discussing the FED's likelihood of cutting interest rates based on the weaker job growth.
Here is another article that provides insights into the impact of the weak job data on the FED's decision-making process.
Here is an article mentioning the Fed rate-cut odds and how the S&P 500 reacted to the October jobs report.
Here is an article discussing the impact of the Boeing strike and hurricanes on US industrial production.
Here is an article about the expected slowing growth in the October jobs report due to the aftermath of hurricanes and the Boeing strike.