Druckenmiller Wary of Fed's Overdoing Rate Cuts After Jobs Data. Payrolls Increase, Lower Unemployment Shift Fed Expectations.

Experts adjusted their views on Federal Reserve interest-rate policy after September’s stronger-than-expected jobs report. Before the jobs data, economists were divided on how much the Fed would cut interest rates in November. Following the report, interest-rate futures imply a nearly 84% chance of a quarter-point cut. Larry Summers warned that September’s 0.5-point rate cut may have been unnecessary, given wage growth remains elevated. Stanley Druckenmiller believes the Fed should tread carefully with rate cuts. The Fed’s next decision will hinge on upcoming jobs and inflation data, potentially impacting consumer loans and savings returns.