Bank of America: October nonfarm payrolls weak enough for Fed to cut rates 25 bps each in November and December

On Nov. 7, Bank of America said the October nonfarm payrolls data were weak enough for the Fed to cut rates by 25 basis points each in November and December. Powell is likely to emphasize the solidity of the economy and the return of the inflation target. Trump's return to the White House may make the Fed more cautious going forward.