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November Interest Rate Cut Almost A Done Deal As Blackout Begins: 10 Stocks Surging The Most Since Fed's Last Decision

Market participants are almost fully pricing in a rate cut at the Federal Reserve’s Nov. 7 meeting as policymakers enter their customary pre-meeting blackout period, where officials abstain from public commentary leading up to the policy decision.

Investors have further bolstered their rate-cut wagers during the week and now are assigning a 96% chance to a quarter-point rate cut, as per CME FedWatch tool.

Next week’s economic data releases include a pivotal inflation report, the Personal Consumption Expenditure (PCE) price index for September, and October official labor statistics. The latter could see some volatility related to the impacts of hurricanes and strikes on the pace of employment growth and unemployment rate.

Yet, expectations are underpinned by optimism within the Fed that the U.S. economy can sustain job growth without driving new inflationary pressures, suggesting the central bank may gradually unwind its policy restrictiveness.

Mixed Views Among Fed Officials On Rate Path

Federal Reserve officials have expressed varied perspectives on the pace and urgency of rate cuts over the past month.

Minneapolis Fed President Neel Kashkari recently said to expect ...