Odaily News Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, said the Fed is now focusing on the "mixed" labor market, and the Fed will continue to cut interest rates in November, but policymakers are treading carefully because inflation is no longer cooling rapidly. Most Fed policymakers gave the green light to further rate cuts in the coming months last week, while Atlanta Fed President Bostic said a rate cut might need to be skipped in November. Traders currently expect an 89% chance of a 25 basis point rate cut by the Fed at its November 6-7 policy meeting, abandoning expectations that the Fed will cut interest rates by 50 basis points after strong September employment data and other optimistic economic data. (Jinshi)