**BLS to Release September Jobs Report Next Week Amid Fed Rate Cut Uncertainty**
The Bureau of Labor Statistics (BLS) has provided an update regarding the release of the September jobs report following the reopening of the U.S. government. The agency announced that the report will be published on **November 20** at **8:30 a.m. ET**. This report will be the first major macroeconomic data release from the BLS since the government shutdown.
However, the BLS has yet to provide information on the release dates for the October jobs report, as well as the October Consumer Price Index (CPI) and Producer Price Index (PPI) reports. Notably, during the shutdown period, the agency only released the September CPI report, just ahead of the Federal Reserve’s October rate cut decision.
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### Impact on Fed’s December Rate Cut Decision
The upcoming jobs data, along with other macroeconomic indicators, are expected to play a crucial role in shaping the Federal Reserve’s decision at the December Federal Open Market Committee (FOMC) meeting. Market participants are closely eyeing these releases for insights into whether the Fed will opt for another interest rate cut amid ongoing uncertainty.
This year, the Fed has already made two rate cuts, largely influenced by concerns about a softening labor market. However, some Fed officials now suggest that the labor market’s current condition may no longer justify further rate reductions, especially given that inflation remains well above the Fed’s 2% target.
Fed President Jeff Schmid emphasized that additional rate cuts could have prolonged inflationary effects and may not adequately address existing labor market challenges.
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### Odds of a December Rate Cut Continue to Decline
The probability of a Fed rate cut in December is decreasing. According to CME FedWatch data, there is currently only a **44% chance** that the Fed will lower interest rates by 25 basis points at the upcoming December FOMC meeting. Conversely, there is a **56% chance** that rates will remain unchanged.
Fed Chair Jerome Powell has already indicated that a December rate cut is far from guaranteed. Additionally, several FOMC members—including Fed Presidents Austan Goolsbee, John Williams, and Alberto Musalem—have expressed hesitation about supporting another cut due to persistent inflation concerns.
John Williams specifically noted that inflation is too high and does not appear to be trending toward the Fed’s target, further complicating the prospect of a rate reduction.
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As the BLS prepares to release critical jobs data next week, market watchers will be closely analyzing the numbers for clues on the Federal Reserve’s policy direction in the coming months.
https://bitcoinethereumnews.com/tech/bls-to-release-jobs-report-on-nov-20-as-uncertainty-over-fed-rate-cut-persists/
