NY Fed president floats chance of a rate cut in ‘near term' – sparking bets on December cut
1. New York Fed President hints at potential interest rate cuts. 2. Labor market weakness viewed as a larger threat than inflation. 3. Job growth exceeds expectations but unemployment rate rises to 4.4%. 4. Market speculation for December rate cut increased to nearly 75%. 5. Analysts are split on impact of jobs data on rate decisions.