Nick Timiraos: September Jobs Report Could Block Next Fed Rate Cut

The Wall Street Journal’s Nick Timiraos writes that September’s jobs report could close the door on another 50-basis-point rate cut by the Federal Reserve next month and keep officials on track for a 25-basis-point cut. The Fed began cutting rates last month, when it took a larger 50-basis-point cut because officials thought they might be moving a little late in cutting rates due to mild inflation data over the summer and signs of cooling in the labor market.