Fed likely to approve rate cut

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Fed cut

CNBC

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The Fed is on course to cut interest rates in December, but what happens next is anyone's guess

Summary

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Friday 's jobs report virtually cements that the Federal Reserve will approve an interest rate cut.

"There's no reason to cut rates right now. They should pause," said economist Joseph LaVorgna , who served as a senior economist during President-elect Donald Trump's first term.

The only thing left on the docket that could dissuade the Fed from a December cut is the release of separate reports on consumer and producer prices next week .

If it follows through on the December reduction, that will equate to a full percentage point move lower since September .

The only thing left on the docket that could dissuade the Fed from a December cut is the release next week of separate reports on consumer and producer prices.

The consumer price index is projected to show a 2.7% gain.

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