TechFlow news, October 28 — According to Jinshi Data, Federal Reserve Chair Powell previously characterized last month's 25-basis-point rate cut as a risk management move—a low-risk action designed to avoid undue drag on the economy. Neil Dutta, chief economist at Renaissance Macro, noted that another 25-basis-point cut this week would carry a similarly manageable level of risk. Dutta stated, "The accumulating weakness in the labor market provides grounds to expect inflation will cool accordingly." He added that announced layoff plans from several large corporations confirm a labor market environment growing increasingly tough for workers. At the same time, Dutta said deeper analysis of price data shows that, excluding tariff effects, core inflation would already be close to the Fed's target.
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