Scope Ratings predicts a second 25bp rate cut by the Federal Reserve due to soft US job market and easing in core CPI. Futures markets are pricing a 25bp cut this week. Market focuses on signals from press conference for future steps. Fed remains divided on inflation objective amid political pressure. US economy shows resilience despite softer labor market data during government shutdown.

Read more at Yahoo Finance: What’s the Outlook for the Federal Reserve’s Interest-rate Policy?