Wall Street celebrated the Federal Reserve's half-point rate cut last month by sending stocks to fresh record highs, but the blockbuster jobs report on Friday has caused doubts to creep in.
Analysts at Bank of America and JPMorgan, which was one of the few banks that correctly predicted the half-point cut last month, have lowered their expectations for November's policy meeting, and now see a quarter-point cut instead of another 50 basis points.
